AC-016 Important Freddie Mac ACE + PDR Offering
Freddie Mac announced eligibility updates to its Automated Collateral Evaluation (ACE) appraisal waiver and the introduction of a new appraisal offering referred to as an ACE+PDR (Property Data Report) via Bulletin 2022-06 and updated with Bulletin 2022-13 which became effective July 17, 2022.
Freddie Mac’s Seller Guide will not be updated until further testing and evaluation have taken place, however, their AUS engine will start reflecting ACE+ PDR eligibility as of July 17, 2022. At this time, FLCBank is not aligning with these Bulletins and will not accept the use of an ACE + PDR when the LPA feedback certificate issues this offer, and a full URAR appraisal will be required.