Fannie Mae has run value acceptance + property data as a pilot program for the past 6 years. During that time they have accumulated 61 million appraisal reports. In combination with proprietary analytics from Collateral Underwriter® (CU®) they have determined the minimum level of required collateral due diligence. Companies that provide this data have strict requirements on who can collect this data and how it’s verified. Top service providers often times implement advanced 3d tour technology. This enables their quality control team and processes to ensure complete accuracy and compliance because all property condition information is visible for confirmation.
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