AMCs that work with us:
Most innovative solution for ACE + PDR
Help your lenders modernize with automated collateral evaluation
Starting July 18th 2022, Freddie Mac will no longer be offering appraisal waivers for cash-out and certain no cash-out refinance loans. Instead, it will be offering ACE (Automated Collateral Valuation) + PDR (Property Data Report).
Asteroom Appraisal Data Collection Service will send a certified real estate agent to capture a 3D tour with room-by-room navigation and bird's-eye views of the property layout as well as to collect the required property condition data. The final product will include a detailed condition report of the property, a 2D floor plan with exterior wall dimensions and ANSI-aligned gross living area calculation, photos of every interior room, the exterior, and street views, and a link to access a digital twin of the subject property.
PDR Sample
Most innovative solution for ACE + PDR
Help your lenders modernize with automated collateral evaluation
Why Trust Asteroom?
Our superior technology results in the most accurate, comprehensive, and fastest reports nationwide.
Increased Speed
Our network can reach 90% of the population within one calendar day, and the data can be returned back to your appraisers within 48-72 hours.
Dependable Network
Asteroom's network of data collectors consists of 5000 active realtors who are best suited for easy access to the properties and have high professional etiquette.
Extremely Accurate
Asteroom leverage its proprietary 3D reconstruction technology to create a digital twin of the subject property, allowing appraisers to virtually be there without being there to easily verify the information provided on the property report.
See what's included:
Property Data Report (PDR)
Complete PDF reports on the property's condition following the GSE requirements.
3D Tour
Interactive 3D views of every accessible interior space and the exteriors.
2D Floor Plan with GLA
ANSI compliant 2D floor plan with exterior walls and gross living area (GLA) calculation within 4% to 6% margin of error.
Labeled Property Photos
Photos of all interior rooms and exterior of the properties plus street views
Property Data Report (PDR)
Complete PDF reports on the property's condition following the GSE requirements.
3D Tour
Interactive 3D views of every accessible interior space and the exteriors.
2D Floor Plan with GLA
ANSI compliant 2D floor plan with exterior walls and gross living area (GLA) calculation within 4% to 6% margin of error.
Labeled Property Photos
Photos of all interior rooms and exterior of the properties plus street views
How PDR works
Day 1
Place Order
Place Order
After an order is placed, we will assign a certified real estate agent in our network who will work with the onsite contact to arrive and capture the property within 24 hours.
Day 2
Scan the subject property
Scan the subject property
Our data collector will scan the entire property and answer onsite property condition questions within 1 hour on average.
Day 3
Data is Processed
Data is Processed
All the data collected will then be processed and reviewed by our quality assurance team who will use the 3D tour to double check the answers provided by the onsite agents.
Day 4
Delivery
Delivery
Once the final quality assurance review is completed, Asteroom will deliver all assets back to you via an email. You may also use a dashboard to monitor the order progress and download all the deliverables.
Upfront Pricing
200USD
for a property up to 3,000 sqft.
225USD
for a property more than 3,000 sqft.
(Additional fees may occur for properties in remote area.)
More than 6,000 sqft contact us
Interested in becoming
a partner?
a partner?
Interested in becoming a partner?
Give us a few details and we’ll follow up within 24 business hours
Frequently Asked Questions
How do you ensure accuracy and quality assurances?
Our QA team will be using the 3D tour shot by the onsite inspector to perform a quality check of the answers that were provided by the inspector.
What is ACE+ PDR?
ACE (automated collateral evaluation) is an appraisal waiver offering and a PDR is a property data report. ACE+ PDR is a new offering that allows lenders to originate cash-out and certain no cash-out refinance loans without an appraisal. With ACE+ PDR, additional property information is physically collected on-site by trained data collectors using the proprietary Freddie Mac PDR dataset, in lieu of an appraisal. Learn more
Can you tell me more about why ACE+ PDR is happening July 17th?
The US has been in an appraisal shortage since 2014. Monthly appraisals has grown from 200K to 800K yet the appraiser population has continued to decline at the rate of 3% every year. Since the beginning of the pandemic, the GSEs have been testing the new and innovative ways to obtain value of the properties without always needing the appraisers onsite.
How do I get started?
Please contact us and we can get started or answer any question you may have at sales@asteroom.com.
How do you ensure accuracy and quality assurances?
Our QA team will be using the 3D tour shot by the onsite inspector to perform a quality check of the answers that were provided by the inspector.
Can you tell me more about why ACE+ PDR is happening July 17th?
The US has been in an appraisal shortage since 2014. Monthly appraisals has grown from 200K to 800K yet the appraiser population has continued to decline at the rate of 3% every year. Since the beginning of the pandemic, the GSEs have been testing the new and innovative ways to obtain value of the properties without always needing the appraisers onsite.
What is ACE+ PDR?
ACE (automated collateral evaluation) is an appraisal waiver offering and a PDR is a property data report. ACE+ PDR is a new offering that allows lenders to originate cash-out and certain no cash-out refinance loans without an appraisal. With ACE+ PDR, additional property information is physically collected on-site by trained data collectors using the proprietary Freddie Mac PDR dataset, in lieu of an appraisal. Learn more
How do I get started?
Please contact us and we can get started or answer any question you may have at sales@asteroom.com.
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