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.
Test cases*
Note: Test cases may be eligible for multiple valuation products (e.g. value acceptance and hybrid appraisal), which will result in multiple appraisal-related messages in the DU Underwriting Findings report. The DU messages listed for the test cases below are the messages that the cases are intended to test.
| Business narrative | Message ID | Integration test file |
|---|---|---|
| The lender submits a casefile for a single-family property that is eligible for value acceptance. | 2167 | SF_ValueAccept_Eligible_2025_1.xml |
| The lender submits a casefile for a condominium property that is eligible for value acceptance. | 2167 | CD_ValueAccept_Eligible_2025_2.xml |
| The lender submits a casefile for a single-family property that is not eligible for value acceptance. | 2125 | SF_ValueAccept_NotEligible_2025_1.xml |
| The lender submits a casefile for a condominium property that is not eligible for value acceptance. | 2131 | CD_ValueAccept_NotEligible_2025_2.xml |
| The lender submits a casefile for a single-family property that is eligible for value acceptance + property data. Desktop Underwriter® (DU®) will issue a message stating that DU accepts the value submitted by the lender, and that the loan is eligible for value acceptance + property data contingent upon the submission of the property data to the Fannie Mae Property Data API. | 3709 | SF_VAPD_Eligible_2025_1.xml |
| The lender submits a casefile for a single-family property that is eligible for value acceptance + property data and the property data has been submitted to the Fannie Mae Property Data API. DU will issue a message stating that a completed property data collection has been submitted to the Fannie Mae Property Data API. DU accepts the value submitted by the lender. No further action is required. | 3709 | SF_VAPD_Eligible_2025_1.xml* |
| 3713* | ||
| The lender submits a casefile for a condominium property that is eligible for value acceptance + property data. DU will issue a message stating that DU accepts the value submitted by the lender, and that the loan is eligible for value acceptance + property data contingent upon the submission of the property data to the Fannie Mae Property Data API. | 3709 | CD_VAPD_Eligible_2025_1.xml |
| The lender submits a casefile for a condominium property that is eligible for value acceptance + property data and the property data has been submitted to the Fannie Mae Property Data API. DU will issue a message stating that a completed property data collection has been submitted to the Fannie Mae Property Data API. DU accepts the value submitted by the lender. No further action is required. | 3709
| CD_VAPD_Eligible_2025_1.xml* |
| 3713* | ||
| The lender submits a casefile that is eligible for Duty to Serve. DU will issue a message stating that DU accepts the purchase price submitted as the value for the subject property, and that the loan is eligible for value acceptance contingent upon a satisfactory home inspection report from a qualified home inspector. | 3277 | DutyToServe_2025_1.xml |
| The lender submits a casefile that is not eligible for value acceptance due to a recent appraisal with a matching property address that was submitted to Uniform Collateral Data Portal® (UCDP®). | 3185 | ApprasialTooNew_2025_2.xml |
| The lender submits a casefile for a single-family property that is eligible for a hybrid appraisal. DU will issue a message stating that the loan is eligible for a hybrid appraisal contingent upon the submission of the property data to the Fannie Mae Property Data API. | 3825 | SF_Hybrid_Eligible_2025_2.xml |
| The lender submits a casefile for a condominium property that was eligible for a hybrid appraisal and the property data has been submitted to the Fannie Mae Property Data API. DU will issue a message stating that a completed property data collection has been submitted to the Fannie Mae Property Data API. Lender can proceed with obtaining a hybrid appraisal. | 3825
| SF_Hybrid_Eligible_2025_2.xml* |
| 3829* | ||
| The lender submits a casefile for a condominium property that is eligible for a hybrid appraisal. DU will issue a message stating that the loan is eligible for a hybrid appraisal contingent upon the submission of the property data to the Fannie Mae Property Data API. | 3827 | CD_Hybrid_Eligible_2025_1.xml |
| The lender submits a casefile for a condominium property that was eligible for a hybrid appraisal and the property data has been submitted to the Fannie Mae Property Data API. DU will issue a message stating that a completed property data collection has been submitted to the Fannie Mae Property Data API. Lender can proceed with obtaining a hybrid appraisal. | 3827
| CD_Hybrid_Eligible_2025_1.xml* |
| 3829* |
*Note: Once lender successfully creates a case file in the integration environment that is eligible for value acceptance + property data and/or hybrid appraisal, send the test case file ID(s) and address to the Property Data API support team via the form found at https://singlefamily.fanniemae.com/form/property_data_api_support_team and we will register the property data collection against the test case file ID. This process will be streamlined by end of 2025.
If the lender is unable to upload the provided DU submission XML files into their Loan Origination System (LOS), please see the appendix below for key test case details that can be followed to create the needed loan applications in DU for the testing.
Appendix: Test case data details
Note: The information below is for illustrative purposes only. Test cases may be eligible for multiple products (e.g., value acceptance and hybrid appraisal), which will result in multiple appraisal alternative-related messages in the DU Underwriting Findings report. The DU messages listed for the test cases below are the messages that the cases are intended to test.
| Test cases | Property address | DU test borrower | Prop value | Loan amt | Loan Purp | Occ Stat | Prop type | Property data ID | DU messages |
|---|---|---|---|---|---|---|---|---|---|
| Single-Family Value Acceptance Eligible | 1009 N Douglas Street Arlington Heights, IL 60004 | Ken Customer 500507000 | $500K | $400K | PUR | Primary | SF | N/A | 2167 |
| Condo Value Acceptance Eligible | 2223 Nichols Avenue #34B Arlington Heights, IL 60004 | Ken Customer 500507000 | $150K | $100K | PUR | Primary | CO | N/A | 2167 |
| Single-Family Value Acceptance Not Eligible | 1018 N Douglas Street Arlington Heights, IL 60004 | Ken Customer 500507000 | $500K | $400K | PUR | Primary | SF | N/A | 2125 |
| Condo Value Acceptance Not Eligible | 4438 N Magnolia Ave Apt 4S Chicago, IL 60640 | Ken Customer 500507000 | $455K | $273K | PUR | Invest | CO | N/A | 2131 |
| Single Family Value Acceptance + Property Data Eligible | 2653 N Stuart Dr Arlington Heights, IL 60004 | Ken Customer 500507000 | $570K | $550K | PUR | Primary | SF | N/A | 3709 |
| Single Family Value Acceptance + Property Data Eligible | 2653 N Stuart Dr Arlington Heights, IL 60004 | Ken Customer 500507000 | $570K | $550K | PUR | Primary | SF | Send the test case file ID(s) and address to the Property Data API support team and we will register the property data collection against the test case file ID. | 3709 & 3713 |
| Condo Value Acceptance + Property Data Eligible | 4222 N Pheasant Trail Ct Unit 1 Arlington Heights, IL 60004 | Ken Customer 500507000 | $230K | $220K | PUR | Primary | CO | N/A | 3709 |
| Condo Value Acceptance + Property Data Eligible | 4222 N Pheasant Trail Ct Unit 1 Arlington Heights, IL 60004 | Ken Customer 500507000 | $230K | $220K | PUR | Primary | CO | Send the test case file ID(s) and address to the Property Data API support team and we will register the property data collection against the test case file ID. | 3709 & 3713 |
| Duty to Serve | 1807 E Oak Street West Frankfort, IL 62896 | Ken Customer 500507000 | $42K | $38K | PUR | Primary | SF | N/A | 3277 |
| Appraisal Too New | 9005 Royal Melbourne Circle Peyton, CO 80831 | Ken Customer 500507000 | $640K | $390K | PUR | Primary | SF | N/A | 3185 |
| Single-Family Hybrid Appraisal Eligible | 1918 George Ct Glenview, IL 60025 | Ken Customer 500507000 | $285K | $225K | PUR | Invest | SF | N/A | 3825 |
| Single-Family Hybrid Appraisal Eligible | 1918 George Ct Glenview, IL 60025 | Ken Customer 500507000 | $285K | $225K | PUR | Invest | SF | Send the test case file ID(s) and address to the Property Data API support team and we will register the property data collection against the test case file ID. | 3825 & 3829 |
| Condo Hybrid Appraisal Eligible | 7515 N Damen Ave Apt EG Chicago, IL 60645 | Ken Customer 500507000 | $225K | $150K | LCOR | Invest | CO | N/A | 3827 |
| Condo Hybrid Appraisal Eligible | 7515 N Damen Ave Apt EG Chicago, IL 60645 | Ken Customer 500507000 | $225K | $150K | LCOR | Invest | CO | Send the test case file ID(s) and address to the Property Data API support team and we will register the property data collection against the test case file ID. | 3827 & 3829 |
