PCV Murcor Added to Fannie Mae’s Approved Service Provider List for Value Acceptance + Property Data

PCV Murcor Now Providing Fannie Mae Value Acceptance + Property Data Assortment With Our Nationwide Protection

POMONA, CALIFORNIA, UNITED STATES, July 10, 2023/EINPresswire.com/ — PCV Murcor, a nationwide actual property valuations administration firm, is happy to announce its addition as an authorized service supplier for knowledge assortment subject providers to assist Fannie Mae’s worth acceptance + property knowledge.

The approval provides to PCV Murcor’s long-standing historical past of working with Authorities Sponsored Enterprises (GSEs) in assist of appraisal modernization initiatives. Approved service suppliers meet necessities for providing knowledge assortment subject providers, knowledge assortment expertise, or integration to the property knowledge API.

“Our approval as a property knowledge assortment service supplier for Fannie Mae reinforces our long-standing partnership and helps us additional our mission of creating purchasers’ actual property wants occur by accountability, connectivity, and efficiency,” mentioned PCV Murcor’s Senior Vice President of Operations David Schiffmayer. “We glance ahead to partnering with our purchasers and their clients by offering best-in-class knowledge assortment providers and value determinations in assist of business appraisal modernization.”

Per Fannie Mae, the targets of the Value Acceptance + Property Data service are to present effectivity in decreasing appraisal success timelines, cut back bias, create extra goal knowledge, and tackle the shortage of appraisers within the subject.

When a lender receives a price acceptance + property knowledge supply, they need to receive a property knowledge assortment (PDC) from an authorized service supplier to validate the property description and eligibility. A PDC report consists of a full inside and exterior inspection of the topic property. The information assortment will be carried out by a skilled knowledge collector and should adhere to Fannie Mae’s property knowledge commonplace.

This course of launched earlier within the yr, ensures that submissions meet Fannie Mae’s knowledge requirements quicker and extra precisely. It additionally offers the pliability of transferring to the GSE’s mortgage program with out the necessity for a further product whereas assembly a borrower’s wants at a fraction of the price of a standard appraisal and finishing the turnaround time in half.

“We’re proud to work with the GSEs in utilizing revolutionary property knowledge assortment options to modernize and advance the appraisal business. Developments like this develop our potential to ship service that’s well timed, skilled, and prime quality whereas easing the transaction for all events concerned,” mentioned PCV Murcor’s Founder, President & CEO Keith Murray. “Including this product to our cascade, together with our nationwide protection, multi-tiered high quality management assessment processes, and state-of-the-art expertise, displays our potential to evolve as we have now over the previous 4 many years.”

Since 1981, PCV Murcor has constructed a convention of excellence in serving to tons of of lenders make their clients’ actual property wants occur. Licensed in all 50 states, plus D.C., PCV offers nationwide protection for conventional value determinations, various merchandise, and a full suite of economic and multi-family merchandise.

About PCV Murcor

PCV Murcor is a nationwide actual property valuations administration firm with greater than 40 years of expertise managing valuation wants for mortgage lending, monetary establishments, property and litigation, actual property buyers, and mortgage servicers. Go to pcvmurcor.com to be taught extra.

Charles Beatley
PCV Murcor
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