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.
ACE+ PDR Expands Eligibility
Effective August 2, 2023, this collateral valuation option will expand to include eligible purchase transactions with an LTV up to 80%. For eligible loans, lenders can skip the appraisal.
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
You have the option to use the bACE API, which will provide feedback messaging to help you assess PDRs, make any necessary updates or changes and more conveniently submit PDRs to Freddie Mac. The API currently uses the Freddie Mac PDR dataset v2.0 and will transition to the joint Freddie Mac and Fannie Mae Uniform Property Dataset (UPD) in the future.
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.