Property Data Collection: Per Fannie

[Bill75]

Straight from the horse's mouth. Pretty good propaganda I'd say.

"In fact, when reviewing data from our hybrid appraisal test-and-learn, appraisers developing hybrid appraisal reports using PDRs were about 2 times more likely to appropriately identify Freddie Mac’s condition or quality eligibility requirements when compared to appraisers developing traditional appraisal reports. The appraiser benefits from the PDR that’s structured to capture more information, defined data elements and specific photographs as part of the data collection."

"Risk decisions from these alternatives must be at least as good, if not better, than those for traditional appraisal reports."

• "PDRs (which cost $200 on average), when used with ACE+ PDR, can save borrowers nearly $400 when compared to traditional appraisal reports (which cost $600 on average)."

"If you’re a Seller not already taking advantage of property data collection by using ACE+ PDR or hybrid appraisal reports in your collateral valuation process – now is the time to start."

 

[J Grant]

Straight from the horse's mouth. Pretty good propaganda I'd say.

"In fact, when reviewing data from our hybrid appraisal test-and-learn, appraisers developing hybrid appraisal reports using PDRs were about 2 times more likely to appropriately identify Freddie Mac’s condition or quality eligibility requirements when compared to appraisers developing traditional appraisal reports. The appraiser benefits from the PDR that’s structured to capture more information, defined data elements and specific photographs as part of the data collection."

"Risk decisions from these alternatives must be at least as good, if not better, than those for traditional appraisal reports."

• "PDRs (which cost $200 on average), when used with ACE+ PDR, can save borrowers nearly $400 when compared to traditional appraisal reports (which cost $600 on average)."

"If you’re a Seller not already taking advantage of property data collection by using ACE+ PDR or hybrid appraisal reports in your collateral valuation process – now is the time to start."

Typical corporate slick PR.
Who is the "seller" they are referring to?

 

[George Hatch]

Who is the "seller" they are referring to?

The originating lender, same as when they use that term everywhere else in their policies.

Corporate BS or not, they're openly indicating to what they think of these things.

 

[Vermonter]

Typical corporate slick PR.

Agree. Unfortunately this corporate slick PR has worked against us multiple times in the past. No reason to think it won't continue to work.

 

[djd09]

the gse's have a track record of lying, cheating, and stealing...

 

[Mark K]

Corporate BS or not, they're openly indicating to what they think of these things.

And what they think of professional appraisers.

 

[Alsie35]

Straight from the horse's mouth. Pretty good propaganda I'd say.

"In fact, when reviewing data from our hybrid appraisal test-and-learn, appraisers developing hybrid appraisal reports using PDRs were about 2 times more likely to appropriately identify Freddie Mac’s condition or quality eligibility requirements when compared to appraisers developing traditional appraisal reports. The appraiser benefits from the PDR that’s structured to capture more information, defined data elements and specific photographs as part of the data collection."

"Risk decisions from these alternatives must be at least as good, if not better, than those for traditional appraisal reports."

• "PDRs (which cost $200 on average), when used with ACE+ PDR, can save borrowers nearly $400 when compared to traditional appraisal reports (which cost $600 on average)."

"If you’re a Seller not already taking advantage of property data collection by using ACE+ PDR or hybrid appraisal reports in your collateral valuation process – now is the time to start."

One word: BULLSHIITE.

 

[J Grant]

One word: BULLSHIITE.

Like describing a night where Ted Bundy strangles a woman as a "slightly bad date."

 

[TerryRohrer]

"...about 2 times more likely to appropriately identify Freddie Mac’s condition or quality eligibility requirements.."

Oh, to be such a skilled and practiced liar to be able to turn such a phrase, and likely with a straight face. Of course, those folks who are laser focused on removing any subjectivity from others could not exist without employing it with abandon. Nor will an outside eye see any of the "unbiased" analysis. Otherwise, someone might notice that a .001% error rate "about 2 times more likely" than an .002% error rate.