Stewart Information Services Corp., a global real estate services company, recently announced Stewart Valuation Intelligence (SVI), LLC has been approved to support Fannie Mae’s new Value Acceptance + Property Data through VALIDITY, the company’s family of inspection applications, according to a release.
“Fannie Mae is rebranding what was formerly Appraisal Waiver to Value Acceptance as part of Valuation Modernization,” SVI President Aaron Fowler said. “At SVI, we’re able to satisfy the needs of both GSEs with a Unified Data Set collected through VALIDITY, allowing for one inspection that can be delivered to both GSEs.”
Fannie Mae requires property data be collected by a trained and vetted third party. SVI’s partner network includes more than 30,000 active appraisers, brokers and agents in the field, the release added.
“SVI has an extensive and experienced national network of real estate agents and brokers to collect property data, who are trained, vetted, and pass yearly background checks,” Fowler said. “Combined with our VALIDITY inspection application, we are pleased to have the people, processes, and technology to meet this important need.”
Through VALIDITY, SVI helps lenders expedite the lending process and save time and money for borrowers.