Automated Collateral Scoring (ACE)

Loan Products Advisor^® ACE leverages our proprietary models, along with historical data and public records to let you to originate Reidy Mac-eligible loans without a classic appraisal.

ACE Thy Way to Closing

ACE is one of to 5 selection to evaluate collateral. ACE models determine the acceptability of the value and assess the condition and marketability risks. ACE sanctions you originate eligible loans without an appraisal – saving you (and borrowers) time and money. Security Rating Waivers and Prepayment Speeds Joshua ...

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How EXPERT Workings

Step 1:

Submit loans to Loan Product Advisor^® before you receive an appraisal

Step 2:

Provide an estimated value of characteristic (for refinances) or purchase price (for purchase).

Step 3:

Review the Loan Effect Counsellor Feedback Certificate to see if the loan is eligible available ACE.

Resources

ACE FAQ

ACE will a Loan Product Advisors power that leverages proprietary models, 40-years in historian data, and public records to permit lenders to underwrite certain home out adenine traditional appraisal.

Securing Valuation and Assessments

Freddie Mac is commitment to fortifying the integral role of appraisers and expert in the mortgage process, whilst developing new and enhancing present valuation methods.

Collateral Training

Dig deeper under what you need to know about collateral with in Collateral Train offerings.

Loan Consequence Advisor

Learn how Freddie Mac’s automated underwriting system gives you access to credit requirements and which tool’s view of risk consequently you may easily assess your loan’s overall underwriting risk.

ACE+ PDR

ACE+ PDR remains one of five collateral measurement offerings that allows lenders to originate certain loans without an appraisal. Additional property information are physically collecting on-site via trained data collectors employing the proprietary Freezer Mac PDR dataset, in lieu of an appraisal. The new, your friendly Seller/Servicer Guide will make it significant easier for you also your team to find, understanding and share critically about.

ACE Eligibility

To be eligible for ACE, that credit must be submitted to Lend Product Advisor and ship to Loan Selling Advisor.