Property Valuation

Value Acceptance + Property Data Service Provider Checklist

The following information provides high-level guidance to a technology service provider or property data collection service provider wishing to support value acceptance + property data by implementing, managing, assigning, or providing property data collection services to their lender customers.

Understand the policy 
  Ensure that you understand the Fannie Mae Selling Guide policy surrounding value acceptance + property data.  

 

Workflow options 
Understand the different workflow options to ensure alignment with service provider proficiencies and customer desire. Service providers may offer one, some, or all of the services below. 

  • Field Services. Property data collection workforce — such as trainees, appraisers, agents, or insurance inspectors.
  • Data Collection Technology. Provide mobile technology that can collect the Uniform Property Dataset.
  • Property Data API Integrator. Appraisal management companies, collateral management, and loan origination solutions may wish to integrate to the Property Data API on behalf of lenders, themselves, or both. 

 

Requirements and planning 
Familiarize yourself with the provided documentation that supports your workflow option. 

 

Getting started 
With your solution in mind, integrate with or build to Fannie Mae specifications. 

 

Operationalize your solution 
Design, build, and implement the solution that best fits your customer need. 

  • Build or buy property data collection technology.
  • Connect to Property Data API or connect through existing integrator.
  • Deliver property data collection to integrator or Fannie Mae via API.
  • Contemplate use of Property Data API Review Tool in your solution.

Have questions?

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