Automated collateral evaluation (ACE)

Automated collateral evaluation (ACE) leverages proprietary models along with historical data and public records to allow lenders to originate certain loans without an appraisal. It’s a contactless option that helps Freddie Mac effectively manage collateral risk while savings lenders and borrowers time and money.

Product Fast Facts:

#1

ACE leverages proprietary models along with historical data and public records to allow lenders to originate certain loans without an appraisal.

#2

 ACE can save borrowers on average $500 on appraisal costs.

#3

ACE can help lenders close loans 11-13 days faster on average.

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Visit Freddie Mac’s Services Guide Page

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HousingWire Annual Virtual Demo Day: Freddie Mac
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