Freddie Mac vs Appraiser Bias

[alebrewer]

Why do you think mercury?

Because it is? I use Mercury every day...

 

[Sadie]

Because it is? I use Mercury every day...

Its MISMO : Mortgage Industry Standards Maintenance Organization. Mercury may use MISMO, but it is not unique to Mercury.

 

[alebrewer]

Its MISMO : Mortgage Industry Standards Maintenance Organization. Mercury may use MISMO, but it is not unique to Mercury.

ok

 

[NC Appraising]

Stop crying you bunch of babies. Clear Capital has the solution (It does not involve you).

I just love seeing the AMCs, lenders and the GSE's playing so well together. Hugs and kisses.

Freddie Mac’s ACE+ PDR: How to originate refinance loans without an appraisal​

How to take advantage of Freddie Mac’s ACE+ PDR

Understand Freddie Mac’s ACE+ PDR solution, how it works, and how lenders can use Clear Capital’s ClearInsight+ to participate in Freddie Mac’s solution.

www.clearcapital.com

Case Study: Improving Loan Efficiency with GSE Appraisal Modernization

Watch this video to explore the adoption of hybrid appraisal options from a lender’s perspective, learn what it takes to successfully roll out new programs, and the benefits that can be achieved with appraisal modernization.

www.clearcapital.com

ACE+ PDR is Freddie Mac’s automated collateral evaluation (ACE) coupled with a property data report (PDR).

ACE leverages Freddie Mac’s proprietary models along with historical data and public records to allow lenders to originate certain Freddie Mac-eligible loans without a traditional appraisal.

The PDR is collected at the property by trained data collectors who may be non-appraisers, appraisers, or appraiser trainees.
It is supported by Clear Capital’s network of more than 3,700 trained and background-checked real estate brokers and agents,

Well, which is it?

AppraisalWorks™, Clear Capital Announce Partnership to Streamline Appraisal and Valuation Review for Lenders

AppraisalWorks has partnered with Clear Capital to make it easier for banks, credit unions, loan servicers, and mortgage lenders to order, review, manage, maintain, and analyze real estate appraisals and collateral valuations.

www.clearcapital.com

Government Sponsored Enterprise (GSE) selling guides in a timely manner, such as Desktop Appraisals and Property Data Reports. AppraisalWorks and Clear Capital have received Freddie Mac verification for Property Data Reports (PDRs) in support of ACE+ PDR (automated collateral evaluation plus property data report).


Well, which is it?

CC is basically calling for full appraisals for complex properties only. Wow thanks. Just what I need. Complex properties for AMCs. Shoot me now.

 

[glenn walker]

Stop crying you bunch of babies. Clear Capital has the solution (It does not involve you).

Freddie Mac’s ACE+ PDR: How to originate refinance loans without an appraisal​

How to take advantage of Freddie Mac’s ACE+ PDR

Understand Freddie Mac’s ACE+ PDR solution, how it works, and how lenders can use Clear Capital’s ClearInsight+ to participate in Freddie Mac’s solution.

www.clearcapital.com

ACE+ PDR is Freddie Mac’s automated collateral evaluation (ACE) coupled with a property data report (PDR).

ACE leverages Freddie Mac’s proprietary models along with historical data and public records to allow lenders to originate certain Freddie Mac-eligible loans without a traditional appraisal.

The PDR is collected at the property by trained data collectors who may be non-appraisers, appraisers, or appraiser trainees.
It is supported by Clear Capital’s network of more than 3,700 trained and background-checked real estate brokers and agents,

Well, which is it?

CC is basically calling for full appraisals for complex properties only. Wow thanks. Just what I need. Complex properties for AMCs. Shoot me now.

Well you still have not figured out where this is ultimately headed ? That's the model of the future.

 

[djd09]

yes, yesterdays conspiracies are today's realities avm+craigslist inspector+chief compliance signature = one world appraising

thank joan and her modernization efforts no wonder she quit posting chicken dinner

 

[NC Appraising]

Ha. I have preaching this on the forum for at least 4 years.

Well you still have not figured out where this is ultimately headed ? That's the model of the future.

Corporatelization of the appraisal process.

I just love the hyprocy.

They want to bring more people and minorities to the profession.....but then use avms with pcr reports....

 

[glenn walker]

May not be right but it is what it is.

 

[djd09]

May not be right but it is what it is.

its an ambulance chasers dream

 

[Tiffany Gibbons]

Ha. I have preaching this on the forum for at least 4 years.

Corporatelization of the appraisal process.

I just love the hyprocy.

They want to bring more people and minorities to the profession.....but then use avms with pcr reports....

Nah, that was always just a means to an end. Just misdirection so they can get rid of most appraisals in time for the next refinance boom (according to a podcast I watched with Freddie Mac, Fannie Mae guest stars). The Lenders asking questions seemed bamboozled that they would be responsible for having Property Condition Inspections done for the appraisers to "sign off on". I don't think it was initally pitched that way to them. Remember when the crowd cheering at MBA convention that no more appraisals will be needed? It was on Bryan Reynolds Appraiser podcast a few months ago before the Fed really started increasing rates. It's the long game, then "game on".