Consolidated Analytics, a company focused on providing due diligence, valuations, consulting and business process services for mortgage lenders, servicers and the capital markets, says it has been approved as a service provider for data collection field services to support Fannie Mae’s value acceptance + property data program.
When a lender receives a value acceptance + property data offer, it must obtain a property data collection to validate the property description and eligibility. Consolidated Analytics’ trained and vetted property data collectors utilize emerging technologies to capture property information, imagery and a floor plan. 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.
“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,” says Consolidated Analytics’ Chris McLain.
Consolidated Analytics is already approved to provide data collection and appraisals in support of Freddie Mac’s ACE+ PDR offering.