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ArticlesRecent activity by Asteroom Customer Support
How does the Fannie Mae value acceptance + property data Data differ from traditional appraisals?
With a value acceptance + property data process the appraiser isn’t involved. Instead, a third-party service provider will collect and provide property data to send to Fannie Mae via API. With this...
How will the use of the Fannie Mae value acceptance + property data impact the appraisal industry and appraisers?
Many in the industry aware of this program involved in the 6-year pilot have shared that they believe this will help pave the way for a better appraisal process. There are many reasons why, with th...
How can lenders and appraisal management companies take advantage of Fannie Mae value acceptance + property data, and what steps do they need to take to use it?
In summary, lenders and appraisal management companies can take advantage of Value Acceptance + Property Data by leveraging technology, data-driven processes, and third-party service providers. By ...
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 ...
How does Fannie Mae ensure that the property value is accurate and reliable when using the value acceptance + property data?
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 ana...
How Does Fannie Mae's value acceptance + property data work?
This is a new option that utilizes property data collection by an approved third-party service provider. When a lender submits a subject property to the Desktop Underwriter® (DU) they will receive ...
What is Fannie Mae's value acceptance + property data?
Fannie Mae's value acceptance + property data is an update to the seller guide released March 2023. This change will use data and technology to accept lender-provided value. This will allow lenders...
Are there any risks or downsides to Fannie Mae's Value Acceptance + Property Data?
One downside that might occur for lenders happens after the property data has been submitted to Fannie Mae via API from a 3rd party data collection service provider. If the borrower changes the loa...
What types of properties and loan transactions are eligible for the Fannie Mae Value Acceptance + Property Data?
The value acceptance offer will be considered on the transactions below: Loan casefiles that receive an Approve/Eligible recommendation One-unit properties, including condominiums Li...
How Does Asteroom Pay Photographers And Panels?
Asteroom partners with Stripe to make payments and file 1099 tax forms that summarize your earnings from 2022. If you have not yet set up a Stripe Express account, please contact capture-service@as...