PCV Murcor Enhances Services with Approval as Property Data Collection Service Provider for Fannie Mae
Pomona, CA, July 11, 2023 — PCV Murcor, a nationwide real estate valuations management company, is excited to announce its recent approval as an approved service provider for data collection field services to support Fannie Mae’s value acceptance + property data.
This milestone adds to PCV Murcor’s already impressive track record of working with Government Sponsored Enterprises (GSEs) in assisting with appraisal modernization initiatives. As an approved service provider, PCV Murcor meets all the requirements for offering data collection field services, data collection technology, or integration to the property data API.
David Schiffmayer, Senior Vice President of Operations at PCV Murcor, expressed his enthusiasm about the approval, stating, “Our status as a property data collection service provider for Fannie Mae reaffirms our longstanding partnership and allows us to continue fulfilling our mission of meeting our clients’ real estate needs through accountability, connectivity, and performance. We are committed to providing the best-in-class data collection services and appraisals to support the industry’s efforts towards appraisal modernization.”
Fannie Mae’s Value Acceptance + Property Data service aims to improve efficiency by reducing appraisal fulfillment timelines, minimizing bias, creating more objective data, and addressing the shortage of field appraisers.
When a lender receives a value acceptance + property data offer, they need to obtain a property data collection (PDC) from an approved service provider to validate the property description and eligibility. The PDC report involves a comprehensive interior and exterior inspection of the subject property, conducted by a trained data collector in adherence to Fannie Mae’s property data standard.
This process, which was launched earlier this year, ensures that submissions meet Fannie Mae’s data standards faster and more accurately. It also offers the flexibility of transferring to the GSE’s loan program without the need for an additional product, all at a fraction of the cost of a traditional appraisal, and with a significantly reduced turnaround time.
Keith Murray, Founder, President & CEO of PCV Murcor, expressed pride in the company’s involvement with innovative property data collection solutions to modernize and advance the appraisal industry. He highlighted the company’s ability to adapt and evolve over the past four decades and emphasized the addition of this product to their range of services as a reflection of their commitment to delivering timely, professional, and high-quality service.
Established in 1981, PCV Murcor has built a reputation for excellence in assisting numerous lenders in fulfilling their customers’ real estate needs. With licensing in all 50 states plus D.C., the company provides nationwide coverage for traditional appraisals, alternative products, and a comprehensive suite of commercial and multi-family products.
PCV Murcor is a widely recognized name in the real estate valuations management industry, with more than 40 years of experience managing valuation needs for mortgage lending, financial institutions, estate and litigation, real estate investors, and mortgage servicers. To learn more about their services, visit pcvmurcor.com.
For media inquiries or further information about PCV Murcor and their approval as a property data collection service provider for Fannie Mae, please contact [PR contact name] at [PR contact email] or visit their website at [PR website].
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