CoreLogic, a property information, analytics and data-enabled solutions provider, announced that CoreLogic a la mode received verification to support Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report) solution. CoreLogic a la mode’s mobile ACE+PDR solution can be completed at the subject property and delivered directly to an appraiser’s clients from the TOTAL for Mobile app.
The PDR is part of a new Freddie Mac solution that allows lenders to originate certain refinance loans without a full appraisal. Property information is collected on site by trained data collectors, such as an appraiser, appraiser trainee or another appraisal staff member, using the Freddie Mac PDR dataset.
“The appraisal field is constantly changing, and appraisers must stay innovative to keep up with their clients’ needs,“ said Sean Shiplet, senior leader, CoreLogic Property & Appraisal Solutions. “Adding PDRs to their skillset allows them to offer even more services to their clients and opens a potential new revenue opportunity previously unavailable.”
The PDR is a dynamic form containing 40+ sections that can automatically increase based on the subject property characteristics. Appraisers using TOTAL for Mobile to complete the form can save it as a PDF and deliver it directly from their mobile device to clients.
Appraisers interested in using TOTAL for Mobile to complete the new PDR forms can download the TOTAL for Mobile app in the Apple store.
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