Saturday, 20 August 2022 | The Latest Buzz for the Appraisal Industry

ProxyPics Partners with Freddie Mac to Simplify Refinance Mortgages in the Digital Age

Chicago — ProxyPics makes wave as the first Property Data Report provider for Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report), launch made effective on July 17, 2022.

ProxyPics’ Property Data Report product provides a detailed scope of the property structure and its condition to simplify cash out, and certain no cash-out refinance transactions, while averaging delivery turn times of 72 hours. Their comprehensive reports include verifiable data such as interior and exterior subject photos, conditional questions, and a Floor Plan-all delivered in Freddie Mac’s dataset standard.

ProxyPics partnered with technology innovators CubiCasa, a global Floor Plan provider, and FoxyAI, B2B PropTech leader in real estate visualization and property intelligence, to equip their trained data collectors, or Proxies, with powerful tools to complete the Property Data Report. All Proxies completing interior assignments undergo background checks and must pass an extensive training assessment that tests their real estate knowledge.

“We are thrilled to announce our partnership with Freddie Mac,” says Luke Tomaszewski, Founder and CEO of ProxyPics. “Our joint support of ACE+ PDR and future advancements will streamline the lending process to save borrowers time and additional expenses.

ProxyPics provides human-generated, unbiased data about a home’s current condition to mitigate risk and ensure its eligibility for a refinance transaction. Their patented technology and national network of Proxies allows for scalability based on market demand.

Dave Stevens, Senior Strategic Advisor of ProxyPics, adds, “Combining the data collection technology with Freddie Mac’s ACE+ PDR, will provide a solution that serves both lenders and consumers-a truly innovative and disrupting piece of technology.”

About ProxyPics

ProxyPics is a patented technology designed to collect photos and data of any subject in under 24 hours, national average. By leveraging the gig economy, a network of 65,000 Proxies, data collectors ranging from licensed to non-licensed, have signed up to collect photos and data – day or night. For more information on ProxyPics, visit: https://proxypics.com/.

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