Expanded eligibility for automated collateral evaluation (ACE) and ACE+ PDR (property data report) will now be available in Loan Quality Advisor® earlier than previously announced – get more details on this update, as well as other Loan Quality Advisor feedback messages updates.

ACE and ACE+ PDR Message Updates

Effective February 24, 2025 (change from March 24, 2025)

We’re updating messaging in Loan Quality Advisor® to support expanding access to our automated collateral evaluation (ACE) and ACE+ PDR (property data report) collateral valuation options 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 will increase from 80% maximum LTV/TLTV ratios to 90% maximum LTV/TLTV ratios.
  • ACE+ PDR will increase from 80% maximum LTV/TLTV ratios to the maximum LTV/TLTV ratios allowed for the associated mortgage offering.

These updates include the addition of one new message, the revision of one existing message and the retirement of four messages. The effective date was originally announced as March 24, 2025. However, we’ve moved the effective date forward to February 24, 2025, to allow Sellers and borrowers to take advantage of the expanded eligibility for these collateral valuation options sooner.

Please refer to the ACE/ACE +PDR and LPA Data Compare Feedback Messages for more information, including the message codes and text for the impacted messages.

LPA Data Compare Message Rewrite

Effective February 10, 2025

We previously announced that in Q1 2025 we were updating the Loan Product Advisor® (LPA®) Data Compare messages in Loan Quality Advisor to revise 113 messages to provide more consistent and actionable feedback. We’re announcing the effective date for these updates as February 10, 2025. The updates include the following:

  • LPA data points added for: Project Legal Structure Type, Construction Method Type and Attachment Type
  • Acronyms expanded to remain compliant with standards
  • Acronyms removed to remain compliant with standards
  • Messages rewritten for consistency

Please refer to the ACE/ACE +PDR and LPA Data Compare Feedback Messages for more information, including the message codes and text for the impacted messages.

To review the full list of Loan Quality Advisor feedback message, please click here.