Servicing Guide

Published September 9, 2020

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Can a servicer use their own appraisal or BPO as part of the SMDU evaluation via the SMDU UI?

SMDU may pull in the Automated Valuation Model (AVM) “Property Valuation Date” and “Property “As Is” Value”, if the valuation data doesn’t match what you used in your evaluation then enter in your values. 

The “AVM” value, unless “AVM (Servicer Provided}” is selected, previously reported to Fannie Mae will be updated every time a user searches for a loan, clicks on “Open” on the Cards View page or exits the Property page.  This data is automatically populated in the SMDU UI.

Property valuation information (Property Valuation Date and Property "As Is" Value) will not be updated when this information is provided by the servicer and one of the following Property Valuation Types are selected: AVM (Servicer Provided, Interior Broker Opinion/BPO, Interior Appraisal, Exterior Opinion/BPO, or Exterior Appraisal.)  

Property Valuation Date”, “Property Valuation Type” and “Property “As Is” Value” may be pulled in from the Automated Property System (APS). If the property valuation is not available or has a low confidence score you will receive a message and will need to enter in a property valuation on the Property page and resubmit to SMDU for an evaluation.

For more information please review the "Evaluate for a Workout" section or "Create Manual Submission" section of the SMDU UI User Guide.

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If you have additional questions, Fannie Mae customers can visit Ask Poli to get information from other Fannie Mae published sources.

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