The GSEs continue to develop policies and
processes using UAD data. Currently, there are
under development and many will result in limiting
the role of the professional, licensed appraiser.
Originally known as a Property Inspection Waiver.
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When a transaction is not eligible for a waiver,
Fannie Mae envisions an evolutionary process that
cascades to the level of collateral risk assessment
This is a new class of inspection. Only products may
20 | APPRAISAL BUZZ FALL 2019
be sourced from a variety of sources and would be
submitted and analyzed against the massive
collateral GSE databases.
If the PCD alone is not enough for the collateral
risk assessment, the PCD could be provided to an
appraiser. It is important to note that the PCD data,
when given to an appraiser, is considered to be like
any information provided by third parties, such as
decide if the information will be relied upon in an
ensuing appraisal report. USPAP is engaged and
Pilot programs with the GSEs have been underway
combined with valuation tools and appraisers, to
essentially perform desktop valuations.