December 12, 2024
Loan Quality Advisor enhancement to support ACE and ACE+PDR Expansion
Effective March 24, 2025
ACE and ACE+ PDR Message Updates
We’re updating messaging in Loan Quality Advisor® to support expanding access to our automated collateral evaluation (ACE) and ACE+ PDR (property data report) appraisal alternatives as announced in Single-Family Seller/Servicer Guide Bulletin 2024-16.
As a result of this expansion, for purchase transactions, the maximum loan-to-value (LTV)/total LTV (TLTV) ratios permitted for:
- ACE appraisal waivers will increase from 80% maximum LTV/TLTV ratios to 90% maximum LTV/TLTV ratios.
- ACE+ PDR appraisal waivers will increase from 80% maximum LTV/TLTV ratios to the maximum LTV/TLTV ratios allowed for the associated mortgage offering.
New Message
| Message Code | Message Text |
|---|---|
| CN2526 | Loan is not eligible for a property data report (ACE+ PDR) because the LTV or TLTV exceeds the maximum permitted LTV/TLTV ratio. |
Revised Message
| Message Code | Message Text |
|---|---|
| CN2965 | Loan is not eligible for an appraisal waiver because the submitted TLTV of ~Combined LTV Ratio Percent~% cannot exceed 80% for a purchase transaction. |
Inactive Messages
| Message Code | Message Text |
|---|---|
| CN2317 | Calculated TLTV must be less than or equal to 80%. |
| CN2380 | Calculated TLTV must be less than or equal to 90%. |
| CN2381 | Calculated TLTV must be less than or equal to 70%. |
| CN2382 | Calculated TLTV must be less than or equal to 60%. |
Refer to the Loan Quality Advisor Eligibility Messages tab in the Loan Quality Advisor Feedback Message matrix for details.