True Footage closed a $40 million Series C funding round to expand its technology platform that modernizes residential property appraisals. The company plans to use the capital to scale its staff appraiser model and enhance its data capabilities as the real estate valuation industry undergoes significant technological transformation.
The funding comes as the appraisal sector faces what industry observers are calling a "critical" phase in artificial intelligence adoption. New regulatory standards, including the UAD 3.6 framework, are reshaping how home valuations are conducted and documented across the mortgage industry.