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Automated Collateral Evaluation (ACE)

Loan Product Advisor® ACE leverages our proprietary models, along with historical data and public records to let you to originate Freddie Mac-eligible loans without a traditional appraisal.

Expanded Eligibility for ACE

Effective for Loan Product Advisor® (LPA®) (re)submissions on and after March 24, 2025, we’re expanding ACE eligibility to maximum 90% LTV/TLTV ratios for eligible purchase transactions.

How ACE Works

Step 1:

Submit loans to Loan Product Advisor® before you get an appraisal

Step 2:

Provide an estimated value of property (for refinances) or purchase price (for purchase).

Step 3:

Review the Loan Product Advisor Feedback Certificate to see if the loan is eligible for ACE.

Resources

ACE FAQ

ACE is a Loan Product Advisor capability that leverages proprietary models, 40-years of historical data, and public records to allow lenders to underwrite certain loans without a traditional appraisal.

ACE Learning Clip

Learn more about ACE, including its eligibility requirements and the benefits it provides to lenders and borrowers.

ACE-ing the Credit Risk Test

See how our research shows loans originated with ACE have lower delinquency rates compared to otherwise similar loans.

Collateral Valuation and Appraisals

Freddie Mac is committed to reinforcing the integral role of appraisers and appraisals in the mortgage process, while developing new and enhancing existing valuation methods. 

Collateral Training

Dig deeper into what you need to know about collateral with our Collateral Training offerings.

Loan Product Advisor

Learn how Freddie Mac’s automated underwriting system gives you access to credit requirements and the tool’s view of risk so you can easily assess your loan’s overall underwriting risk.

ACE+ PDR

ACE+ PDR is one of five collateral valuation offerings that allows lenders to originate certain 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.

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