CoreLogic a la mode received verification to support Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report) solution, the company announced in a release CoreLogic a la mode’s mobile ACE+PDR solution can be completed at the subject property and delivered directly to an appraiser’s client from the TOTAL Mobile app.
The PDR is part of a new Freddie Mac solution that allows lenders to originate certain refinance loans without a full appraisal. Property information is collected on site by trained data collectors, such as an appraiser, appraiser trainee or another appraisal staff member, using the Freddie Mac PDR dataset.
“The appraisal field is constantly changing, and appraisers must stay innovative to keep up with their clients’ needs,” Sean Shiplet, senior leader, CoreLogic Property & Appraisal Solutions, said in the release. “Adding PDRs to their skillset allows them to offer even more services to their clients and opens a potential new revenue opportunity previously unavailable.”
The PDR is a dynamic form containing 40-plus sections that can automatically increase based on the subject property characteristics. Appraisers using TOTAL for Mobile to complete the form can save it as a PDF and deliver it directly from their mobile device to clients.