ACE+ PDR
ACE+ PDR is one of five collateral valuation offerings that allows lenders to originate eligible loans without an appraisal. Additional property information is physically collected on-site by trained data collectors using the proprietary Freddie Mac PDR dataset, in lieu of an appraisal.
Submissions Required Through the bACE API for ACE+ PDR
Effective April 1, 2024, for loans with Application Received Dates on or after April 1, 2024, the UPD will be required, and PDRs must be submitted through the Beyond ACE (bACE) API. Loans in pipeline prior to this date may use the Freddie Mac Property Dataset (PDR v2.0) or UPD.
Why use ACE+ PDR?
Alleviate Appraiser Capacity Concerns
Receive Value Rep and Warranty Relief
Decrease Borrower Costs and Turn-Times
How ACE+ PDR Works
- Step 1: Submit loan to Loan Product Advisor® (LPASM) before ordering an appraisal.
- Step 2: Review the LPA Feedback Certificate to see whether the loan is eligible for ACE+ PDR.
- Step 3: If eligible, order a PDR.
Documentation Requirements
For loans with Application Received Dates on or after April 1, 2024, the Uniform Property Dataset (UPD) will be required and PDRs must be submitted using the Beyond ACE (bACE) API. The Freddie Mac Property Dataset (PDR v2.0) will no longer be accepted. For pipeline loans (Application Received Dates prior to April 1, 2024), both the UPD and PDR v2.0 will be accepted.
Use the Beyond ACE (bACE) API to Improve Efficiency and Data Quality
Use bACE to receive feedback messaging to help you assess PDRs, make any necessary updates or changes and more conveniently submit PDRs to Freddie Mac.
Find a PDR Provider
Search for companies with interfaces verified by Freddie Mac that offer PDRs and/or property data collectors that can perform on-site property data collection resulting in a PDR.