ACE+ PDR – General FAQ

A PDR provides important information about the condition of the subject property; ACE+ PDR (automated collateral evaluation plus PDR) allows Sellers to benefit from originating loans without an appraisal report, while ensuring the loans Freddie Mac purchases are secured by properties in acceptable condition.

Get a list of appraisal management companies (AMCs) and collateral valuation vendors that support the UPD and have integrated to bACE API. We’ll continue to update this list as we become aware of additional vendors. Sellers must perform their own due diligence when reviewing and contracting with vendors.

Yes, the Seller must always review the PDR. Submitting a PDR to bACE API doesn’t relieve the Seller of its obligation to review the information and photographs in the PDR and ensure the property meets Freddie Mac’s ACE+ PDR eligibility requirements and property eligibility requirements.

Sellers and third-party originators (TPOs) must complete and submit to Freddie Mac a form that identifies an AMC or collateral valuation vendor that will submit PDRs to bACE API on the Seller’s behalf. The forms are accessible after selecting the Get Started button on the Freddie Mac Tools Request Form.

After the PDR is submitted to bACE API, the loan must be resubmitted to LPA for representation and warranty (R&W) relief status to be displayed in Loan Selling Advisor^®.

The messages returned from bACE API can be used by the Seller to assist with underwriting; however, the Seller must always review the PDR, including the photos, independently assess whether repairs are needed and ensure the property meets Single-Family Seller/Servicer Guide (Guide) property eligibility requirements.

The Seller must review the PDR and must confirm the property meets Freddie Mac’s property eligibility requirements. If the Seller confirms the property has more than four units, the loan is not eligible for sale to Freddie Mac. 
If the indication is not accurate and the property is a:

• 1-unit property, the PDR must be corrected and resubmitted to bACE API.
• 2- to 4-unit property, an upgrade to a Uniform Residential Appraisal Report (traditional appraisal – 2- to 4-unit property) is required.
   

This message could be an indicator of a potential address mismatch. The Seller must:

• Confirm the property address on the submitted PDR is accurate and matches the property address in LPA, Loan Quality Advisor or Loan Selling Advisor.
• Verify the Seller has received a “complete submission” status from bACE API.
• If an address mismatch is identified, resubmit the corrected address to the appropriate tool or bACE API, as applicable.
   

The Seller can determine whether a PDR has been submitted to bACE API based on the messages returned by LPA identified here.

For R&W relief status to be displayed in Loan Selling Advisor, the PDR must be submitted to bACE API before the loan is submitted to Loan Quality Advisor.

A property data identifier is a unique 36-character ID returned by bACE API once a PDR is submitted to bACE API. bACE API returns a unique property data identifier for each bACE API submission or resubmission.

The Seller should include the most recent property data identifier in each submission to LPA because it provides an additional method for obtaining feedback messages related to collateral R&W relief for ACE+ PDR eligible loans.

The Seller must include in its LPA submission the property data identifier associated with the most recent bACE API submission.