Appraisal Independence & Bias

[Surf Cat]

What is ACE?

https://media.tenor.com/CuCmwfZNf5wAAAAM/jim-carrey-ace-ventura.gif

 

[DWiley]

Basically a waiver with a PDR

Not quite.

ACE = Automated Collateral Evaluation (commonly called an appraisal waiver)
ACE+ PDR = no appraisal required, but do have to get a Property Data Report