True Footage is a residential valuation platform that utilizes advanced appraisal technology to provide accurate and timely property assessments across various transaction types, including purchase, refinance, and non-lender scenarios. By streamlining the appraisal process, the platform reduces turnaround times to an average of 5.1 days, ensuring efficient communication and on-time delivery for clients.
Funding
$79.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional residential property appraisals can be slow and inefficient, often causing delays in real estate transactions. These delays can impact purchase, refinance, home equity loans, and other non-lender scenarios, creating friction for all parties involved.
Solution
True Footage offers a residential valuation platform leveraging appraisal technology to provide faster and more accurate property assessments. The platform streamlines the appraisal process, reducing turnaround times and improving communication. True Footage supports various appraisal types, including hybrid, desktop, exterior-only, and full appraisals, catering to purchase/refinance loans, home equity lines of credit (HELOC), and non-lender needs such as tax challenges, divorce settlements, and pre-listing valuations.
Target Audience
True Footage serves lenders, homeowners, and real estate professionals involved in purchase, refinance, and home equity transactions, as well as individuals requiring valuations for non-lender purposes.
Features
- Appraisal reports for purchase/refinance loans, HELOCs, and non-lender purposes
- Hybrid, desktop, exterior-only, and full appraisal options
- Property Data Reports for data collection
- Technology tools for appraisers, including TrueTracts, Spark, and Synapse
- Transaction platform GlassHouse for streamlined appraisals