Freddie Mac issued Bulletin 2022-6 (Bulletin) updating automated collateral evaluation (ACE) appraisal waiver eligibility and introducing ACE+ Property Data Report (PDR). Per the Bulletin, Loan Product Advisor (LPA) will transition from offering ACE appraisal waivers to offering ACE+ PDR for cash-out refinance mortgages and “no cash out” refinance mortgages that meet property type and loan-to-value requirements. The updated requirements are effective for new LPA submissions on or after July 17, 2022.
Click to view the Freddie Mac Guide Bulletin 2022-6: https://www.tenaco.com/wp-content/uploads/2022/03/Freddie-Mac-Guide-Bulletin-2022-6-03-16-22.pdf
