{"id":7910,"date":"2023-08-31T21:26:50","date_gmt":"2023-08-31T21:26:50","guid":{"rendered":"https:\/\/www.classvaluation.com\/?post_type=latest_news&#038;p=7910"},"modified":"2023-09-01T20:31:10","modified_gmt":"2023-09-01T20:31:10","slug":"a-loan-officers-ultimate-guide-to-appraisal-modernization","status":"publish","type":"latest_news","link":"https:\/\/www.classvaluation.com\/latest_news\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/","title":{"rendered":"A Loan Officer\u2019s Ultimate Guide to Appraisal Modernization"},"content":{"rendered":"<div class=\"how-share\">\n<div class=\"how-share-icons\">\n<div class=\"sharedaddy sd-sharing-enabled\">\n<div class=\"robots-nocontent sd-block sd-social sd-social-icon sd-sharing\">\n<div class=\"sd-content\">In what is perhaps the most traditional sector of housing, change has arrived.<\/div>\n<div><\/div>\n<div>However, a year after the GSEs announced new <a href=\"https:\/\/www.housingwire.com\/tag\/appraisals\/\" target=\"_blank\" rel=\"noopener\">appraisal<\/a>\u00a0modernization solutions, as they\u2019re more widely adopted, questions arise. How do the solutions work? Why do we need them? Who is eligible to take advantage of them? And as a loan officer (LO), why should I care?<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<article id=\"post-401741\">\n<div class=\"entry-content\">\n<div class=\"content-container\">\n<p>We\u2019re here to answer those questions, specifically with you in mind, LOs.<\/p>\n<p><u>A look into GSE appraisal modernization efforts<\/u><\/p>\n<p>The GSEs have each offered appraisal waivers on eligible loans for several years. Last year,\u00a0<strong><a href=\"https:\/\/www.housingwire.com\/tag\/freddie-mac\/\" target=\"_blank\" rel=\"noopener\">Freddie Mac<\/a><\/strong>\u00a0launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics. More recently,\u00a0<strong><a href=\"https:\/\/www.housingwire.com\/tag\/fannie-mae\/\" target=\"_blank\" rel=\"noopener\">Fannie Mae<\/a><\/strong>\u00a0launched a similar solution.<\/p>\n<p>The solutions,\u00a0<a href=\"https:\/\/sf.freddiemac.com\/tools-learning\/loan-advisor\/our-solutions\/ace-pdr\" target=\"_blank\" rel=\"noopener\">ACE+ PDR<\/a>\u00a0(automated collateral evaluation plus property data report) by Freddie Mac and\u00a0<a href=\"https:\/\/singlefamily.fanniemae.com\/valuation-modernization\" target=\"_blank\" rel=\"noopener\">Value Acceptance + Property Data<\/a> by Fannie Mae, were designed to increase efficiencies for all stakeholders and lower costs in comparison to traditional appraisals, while maintaining the high-risk mitigation standards employed by the GSEs. The two solutions vary, so the following section is designed to be your primer on both: how they work, what property data collection is and the differences between the two solutions.<\/p>\n<p><a href=\"https:\/\/www.housingwire.com\/articles\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/\">VIEW FULL ARTICLE ON HOUSINGWIRE<\/a><\/p>\n<\/div>\n<\/div>\n<\/article>\n","protected":false},"featured_media":6552,"parent":0,"template":"","meta":{"_acf_changed":false,"content-type":"","om_disable_all_campaigns":false},"news_category":[17,44,16],"class_list":["post-7910","latest_news","type-latest_news","status-publish","has-post-thumbnail","hentry","news_category-featured","news_category-gse-resources","news_category-media-coverage"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A Loan Officer\u2019s Ultimate Guide to Appraisal Modernization - Class Valuation<\/title>\n<meta name=\"description\" content=\"A year after the GSEs announced new\u00a0appraisal\u00a0modernization solutions, as they\u2019re more widely adopted, questions arise. We\u2019re here to answer those questions, specifically with you in mind, LOs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.classvaluation.com\/latest_news\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Loan Officer\u2019s Ultimate Guide to Appraisal Modernization - Class Valuation\" \/>\n<meta property=\"og:description\" content=\"A year after the GSEs announced new\u00a0appraisal\u00a0modernization solutions, as they\u2019re more widely adopted, questions arise. We\u2019re here to answer those questions, specifically with you in mind, LOs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.classvaluation.com\/latest_news\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/\" \/>\n<meta property=\"og:site_name\" content=\"Class Valuation\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/classvaluation\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-01T20:31:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.classvaluation.com\/wp-content\/uploads\/2023\/04\/Appraisal-tech.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1250\" \/>\n\t<meta property=\"og:image:height\" content=\"828\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@classvaluation\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.classvaluation.com\\\/latest_news\\\/a-loan-officers-ultimate-guide-to-appraisal-modernization\\\/\",\"url\":\"https:\\\/\\\/www.classvaluation.com\\\/latest_news\\\/a-loan-officers-ultimate-guide-to-appraisal-modernization\\\/\",\"name\":\"A Loan Officer\u2019s Ultimate Guide to Appraisal Modernization - Class Valuation\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.classvaluation.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.classvaluation.com\\\/latest_news\\\/a-loan-officers-ultimate-guide-to-appraisal-modernization\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.classvaluation.com\\\/latest_news\\\/a-loan-officers-ultimate-guide-to-appraisal-modernization\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.classvaluation.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Appraisal-tech.jpg\",\"datePublished\":\"2023-08-31T21:26:50+00:00\",\"dateModified\":\"2023-09-01T20:31:10+00:00\",\"description\":\"A year after the GSEs announced new\u00a0appraisal\u00a0modernization solutions, as they\u2019re more widely adopted, questions arise. We\u2019re here to answer those questions, specifically with you in mind, LOs.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.classvaluation.com\\\/latest_news\\\/a-loan-officers-ultimate-guide-to-appraisal-modernization\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.classvaluation.com\\\/latest_news\\\/a-loan-officers-ultimate-guide-to-appraisal-modernization\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.classvaluation.com\\\/latest_news\\\/a-loan-officers-ultimate-guide-to-appraisal-modernization\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.classvaluation.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Appraisal-tech.jpg\",\"contentUrl\":\"https:\\\/\\\/www.classvaluation.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/Appraisal-tech.jpg\",\"width\":1250,\"height\":828,\"caption\":\"Buying, selling and renting houses or real estate concept, property online, hands typing on computer laptop as background\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.classvaluation.com\\\/latest_news\\\/a-loan-officers-ultimate-guide-to-appraisal-modernization\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.classvaluation.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"A Loan Officer\u2019s Ultimate Guide to Appraisal Modernization\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.classvaluation.com\\\/#website\",\"url\":\"https:\\\/\\\/www.classvaluation.com\\\/\",\"name\":\"Class Valuation\",\"description\":\"Nation&#039;s Largest Appraisal Management Company\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.classvaluation.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.classvaluation.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.classvaluation.com\\\/#organization\",\"name\":\"Class Valuation\",\"url\":\"https:\\\/\\\/www.classvaluation.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.classvaluation.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.classvaluation.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Class-Valuation-Logo_wide-2color.png\",\"contentUrl\":\"https:\\\/\\\/www.classvaluation.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Class-Valuation-Logo_wide-2color.png\",\"width\":390,\"height\":55,\"caption\":\"Class Valuation\"},\"image\":{\"@id\":\"https:\\\/\\\/www.classvaluation.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/classvaluation\",\"https:\\\/\\\/x.com\\\/classvaluation\",\"https:\\\/\\\/www.instagram.com\\\/classvaluation\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"A Loan Officer\u2019s Ultimate Guide to Appraisal Modernization - Class Valuation","description":"A year after the GSEs announced new\u00a0appraisal\u00a0modernization solutions, as they\u2019re more widely adopted, questions arise. We\u2019re here to answer those questions, specifically with you in mind, LOs.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.classvaluation.com\/latest_news\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/","og_locale":"en_US","og_type":"article","og_title":"A Loan Officer\u2019s Ultimate Guide to Appraisal Modernization - Class Valuation","og_description":"A year after the GSEs announced new\u00a0appraisal\u00a0modernization solutions, as they\u2019re more widely adopted, questions arise. We\u2019re here to answer those questions, specifically with you in mind, LOs.","og_url":"https:\/\/www.classvaluation.com\/latest_news\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/","og_site_name":"Class Valuation","article_publisher":"https:\/\/www.facebook.com\/classvaluation","article_modified_time":"2023-09-01T20:31:10+00:00","og_image":[{"width":1250,"height":828,"url":"https:\/\/www.classvaluation.com\/wp-content\/uploads\/2023\/04\/Appraisal-tech.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@classvaluation","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.classvaluation.com\/latest_news\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/","url":"https:\/\/www.classvaluation.com\/latest_news\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/","name":"A Loan Officer\u2019s Ultimate Guide to Appraisal Modernization - Class Valuation","isPartOf":{"@id":"https:\/\/www.classvaluation.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.classvaluation.com\/latest_news\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/#primaryimage"},"image":{"@id":"https:\/\/www.classvaluation.com\/latest_news\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/#primaryimage"},"thumbnailUrl":"https:\/\/www.classvaluation.com\/wp-content\/uploads\/2023\/04\/Appraisal-tech.jpg","datePublished":"2023-08-31T21:26:50+00:00","dateModified":"2023-09-01T20:31:10+00:00","description":"A year after the GSEs announced new\u00a0appraisal\u00a0modernization solutions, as they\u2019re more widely adopted, questions arise. We\u2019re here to answer those questions, specifically with you in mind, LOs.","breadcrumb":{"@id":"https:\/\/www.classvaluation.com\/latest_news\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.classvaluation.com\/latest_news\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.classvaluation.com\/latest_news\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/#primaryimage","url":"https:\/\/www.classvaluation.com\/wp-content\/uploads\/2023\/04\/Appraisal-tech.jpg","contentUrl":"https:\/\/www.classvaluation.com\/wp-content\/uploads\/2023\/04\/Appraisal-tech.jpg","width":1250,"height":828,"caption":"Buying, selling and renting houses or real estate concept, property online, hands typing on computer laptop as background"},{"@type":"BreadcrumbList","@id":"https:\/\/www.classvaluation.com\/latest_news\/a-loan-officers-ultimate-guide-to-appraisal-modernization\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.classvaluation.com\/"},{"@type":"ListItem","position":2,"name":"A Loan Officer\u2019s Ultimate Guide to Appraisal Modernization"}]},{"@type":"WebSite","@id":"https:\/\/www.classvaluation.com\/#website","url":"https:\/\/www.classvaluation.com\/","name":"Class Valuation","description":"Nation&#039;s Largest Appraisal Management Company","publisher":{"@id":"https:\/\/www.classvaluation.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.classvaluation.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.classvaluation.com\/#organization","name":"Class Valuation","url":"https:\/\/www.classvaluation.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.classvaluation.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.classvaluation.com\/wp-content\/uploads\/2024\/07\/Class-Valuation-Logo_wide-2color.png","contentUrl":"https:\/\/www.classvaluation.com\/wp-content\/uploads\/2024\/07\/Class-Valuation-Logo_wide-2color.png","width":390,"height":55,"caption":"Class Valuation"},"image":{"@id":"https:\/\/www.classvaluation.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/classvaluation","https:\/\/x.com\/classvaluation","https:\/\/www.instagram.com\/classvaluation\/"]}]}},"_links":{"self":[{"href":"https:\/\/www.classvaluation.com\/wp-json\/wp\/v2\/latest_news\/7910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.classvaluation.com\/wp-json\/wp\/v2\/latest_news"}],"about":[{"href":"https:\/\/www.classvaluation.com\/wp-json\/wp\/v2\/types\/latest_news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.classvaluation.com\/wp-json\/wp\/v2\/media\/6552"}],"wp:attachment":[{"href":"https:\/\/www.classvaluation.com\/wp-json\/wp\/v2\/media?parent=7910"}],"wp:term":[{"taxonomy":"news_category","embeddable":true,"href":"https:\/\/www.classvaluation.com\/wp-json\/wp\/v2\/news_category?post=7910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}