Consolidated Analytics recently announced its approval as a service provider for data collection field services to support Fannie Mae’s value acceptance + property data. Consolidated Analytics has worked closely with Freddie Mac and Fannie Mae to support their appraisal modernization initiatives, according to a press release.
Consolidated Analytics, a provider to the real estate industry of end-to-end mortgage service platforms, is already approved to provide data collection and appraisals in support of Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report) offering.
When a lender receives a value acceptance + property data offer, they must obtain a property data collection (PDC) to validate the property description and eligibility. Consolidated Analytics’ trained and vetted property data collectors will utilize emerging technologies to capture property information, imagery, and a floor plan, the release stated.
Fannie Mae’s goals for this process are to provide efficiency in reducing appraisal fulfillment timelines, create more objective data, reduce bias, and address a growing appraiser capacity concern.
“Our approval as a service provider for Fannie Mae underscores our commitment to providing high-quality data collection and valuation services that meet the evolving needs of our clients and support appraisal modernization efforts,” Consolidated Analytics’ Valuation Division President Chris McLain said in the release. “We look forward to working with lenders and partners to provide reliable and accurate data collection and appraisals that support the mortgage industry’s efforts to make the appraisal process more efficient, transparent, and data-driven.”