Freddie Mac Seller/Servicer Guide 5602.3: Automated collateral evaluation (ACE)
This section contains requirements related to:
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 5602.3 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) ACE overview
- (b) Process for qualifying for and accepting the ACE offer
- (c) Eligible Mortgages
- (d) Ineligible Mortgages
- (e) Conditions that prevent the Seller from accepting an ACE offer
- (f) Acceptable age of the ACE offer
- (g) Data changes that impact ACE eligibility
- (h) ACE requirements for Settlement Dates more than 120 days after the Note Date
- (i) ACE eligibility in disaster areas
- (j) Seller representation of property review or valuation
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.