Freddie Mac is now evaluating both purchase and refinance appraisals to determine if the property actually needs an appraisal. If your client’s property qualifies, it can save them time and money.
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Rule Synopsis: [tweet-start]Freddie Mac announces that effective September 1, 2017 they will accept purchases in their Automated Collateral Evaluation system.[tweet-end] Freddie Mac is expanding their recently launched automated valuation model, called ACE (Automated Collateral Evaluation). This bulletin adds purchase money loans as an eligible loan purpose for the collateral relief process using the Loan Product […]