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Technology Corner

Asteroom reveals data-capturing solution for Freddie Mac

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Technology Corner
Wednesday, August 3, 2022

Asteroom Inc. recently announced it will launch a nationwide service to capture property dimension and condition reports for Freddie Mac’s ACE+PDR offering which started July 17th, the company announced in a press release.

Asteroom’s solution expands upon its existing desktop appraisal service for AMCs and lenders. Their national network of over 5,000 trained and certified data collectors can document properties within one calendar day of an order being placed. Using proprietary 3D tour, floor plan and mobile app technology, the service will deliver all required data for Freddie Mac’s eligible property condition reports.

Asteroom said it is the world’s first 3D tour technology partner to offer property data collection services for Freddie Mac’s ACE+PDR offering, streamlining labor-intensive processes to boost efficiency while maintaining consistency, accuracy and affordability.

“Reimagining the appraisal process has long been a goal for many, and I’m excited that our ability to create a property’s 3D Digital Twin will be used to benefit both cash-out refinance sellers as well as borrowers,” Asteroom’s CEO and co-founder Eric Tsai said in the release.

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