Lenders are under constant pressure to move loans faster without introducing new risk. One of the most common slowdowns in the appraisal process happens after the appraisal is complete, when repairs, alterations or construction items must be verified before closing. 

Stewart Valuation Intelligence’s Virtual 1004D modernizes this step by replacing traditional in-person completion inspections with a secure, appraiser-supported virtual workflow.  

What Is the Virtual 1004D 

The Virtual 1004D is a technology-enabled solution designed to confirm that appraisal conditions have been satisfied when the original appraisal is already complete. Instead of scheduling a field visit, required evidence is collected remotely through a guided photo and data capture process, then reviewed and certified by a licensed appraiser.  

This approach preserves appraisal integrity while removing unnecessary delays from the post-appraisal process. 

Why It Matters for Lenders 

Traditional 1004D inspections are often slow and difficult to schedule. These delays can push closing dates, frustrate borrowers and increase operational costs. 

The Virtual 1004D helps lenders: 

• Reduce cycle times by eliminating field inspection scheduling 

• Improve borrower experience with a simple mobile-friendly process 

• Maintain confidence through appraiser review and certification  

Common Use Cases 

The Virtual 1004D is well suited for situations where visual confirmation satisfies investor and program requirements, including: 

• Verification of completed repairs 

• Confirmation of minor renovations or alterations 

• Certain construction-related updates 

• Time-sensitive closings where delays are not an option