Valligent, a California-based real estate valuation company and subsidiary of Veros Software, has launched a GSE Data Collection Suite that supports both Fannie Mae’s value acceptance + property data and Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report) solutions.
Valligent’s GSE Data Collection Suite consists of four products:
- ValPDC, a property data collection in support of Fannie Mae’s value acceptance + property data.
- ValPDR, a property data report in support of Freddie Mac’s ACE+ PDR.
- ValPDR COMPLETE, a completion report in support of Freddie Mac’s ACE+ PDR. ValHYBRID, a hybrid appraisal in support of Fannie Mae’s value acceptance + property data and Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report) when an upgrade is needed.
Licensed, background-checked and trained real estate professionals complete Valligent’s ValPDC and ValPDR to ensure accuracy and consistency in the reports. The data collectors use a mobile app to assess the property’s interior and exterior, capturing relevant photos and generating a floor plan that creates a comprehensive view.
“By supporting the GSE’s modern valuation solutions, Valligent is helping both lenders and borrowers save on property valuation costs, close loans faster and mitigate risks,” says Jeff Wickham, executive vice president, and co-founder of Valligent.
Valligent’s suite supports each value acceptance + property data and ACE+ PDR workflow scenario. It supplies the data collection reports and offers a completion report (ValPDR COMPLETE) in cases where required repairs are identified and the lender needs verification that the repairs have been completed.
Valligent also offers a hybrid appraisal (ValHYBRID) in the case that certain property condition factors are identified in the data collection report and the lender needs to upgrade to an appraisal.
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