ClearValue Consulting’s Technology Is Verified By Freddie Mac To Support ACE+ PDR
ClearValue Consulting, a provider of enterprise-class vendor management technology, is verified and in live production to support Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report) solution. The announcement means that ClearValue can now provide appraisal management companies (AMCs) and lenders with a scalable, end-to-end solution supporting implementation of Freddie Mac’s ACE+ PDR solution.
At the heart of ClearValue’s data collection technology is the company’s Sluice™ mobile application, which collects property data while seamlessly managing orders through the Acuity™vendor management system. The Sluice mobile data collection app, which is already processing thousands of property data collections for desktop appraisals, hybrid appraisals and BPO reports every month, can now be used to support the Freddie Mac ACE+ PDR solution, which enables eligible cash-out and certain no cash-out refinance loans to be originated without a traditional appraisal.
“Our partnership with Freddie Mac reflects our commitment to appraisal modernization while enabling our clients to increase productivity and generate more business,” said Don Juhl, CEO at ClearValue Consulting. “We are thrilled that our Acuity technology will now enable our clients to streamline property data collection while providing a better borrower experience.”
With Freddie Mac’s ACE+ PDR solution, lenders can leverage trained data collectors to physically gather property information on-site using the Freddie Mac PDR dataset. ClearValue Consulting is uniquely positioned to help lenders and AMCs assess property condition and eligibility by providing clients with access to CONNECT!™, the company’s extensive network of over 50,000 field data collectors, real estate agents/brokers, and licensed appraisers.
Designed for both origination and servicing processes, Acuity provides lenders and AMCs with technology to streamline everything from full appraisals to hybrid appraisals and BPOs. And unlike other vendors that typically host client data on their own platforms, ClearValue clients can access Acuity in their own data center or cloud provider, enabling them to manage the system themselves.
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