What are the benefits of using the Fannie Mae's value acceptance + property data for lenders and borrowers?

The main benefits as stated by Fannie Mae for this new option is “reduces cycle times and may reduce borrower costs, promotes safety and soundness by obtaining a current observation of the subject property, and provides operational simplicity and certainty at time of loan application.” Fannie Mae estimates that Value Acceptance (apraisal waivers) on loans sold saved borrowers over $2.1 billion in 2020-2022. Streamlining this process will bring much-needed benefits to lenders, appraisal management companies and borrowers through sound observation of subject properties.