Value Acceptance, Value Acceptance + Property Data, and Hybrid Appraisal Test Cases

Value acceptance is Fannie Mae’s branded appraisal waiver valuation product and requires delivery of Special Feature Code 801. 

Value acceptance + property data is Fannie Mae’s branded inspection-based appraisal waiver valuation product where a property data collection is required for delivery to Fannie Mae. Value acceptance + property data requires submission of the property data to Fannie Mae’s Property Data API based on the Uniform Property Dataset (UPD) and requires delivery of Special Feature Code 774. No appraisal is required for value acceptance + property data. 

Hybrid appraisal is an appraisal option that uses a property data collection from a third party. The property data collection is required to be in compliance with the UPD and must be submitted to Fannie Mae’s Property Data API. The lender will then provide the property data collection to an appraiser for the completion of a hybrid appraisal. 

This provides test cases for delivering loans that leveraged Fannie Mae’s value acceptance, value acceptance + property data, and hybrid appraisal. 

For more information, read the Selling Guide.