In a groundbreaking move that promises to reshape the landscape of property data collection, ProxyPics, a leading provider of on-demand property data solutions, proudly announces its integration with Freddie Mac’s Beyond ACE (bACE) Application Programming Interface (API). This collaboration not only positions ProxyPics as the first software vendor verified by Freddie Mac but also signifies a significant step forward in advancing the quality and consistency of property data across the industry.
The integration involves ProxyPics' capability to submit Property Data Reports (PDRs) prepared using the Uniform Property Dataset (UPD) to Freddie Mac's bACE API. This is a momentous achievement for ProxyPics, as the use of UPD and submission of PDRs to the bACE API becomes mandatory starting April 1, 2024.
The UPD, a joint effort by Freddie Mac and Fannie Mae (the GSEs), encompasses all required, conditionally required, and optional data elements for GSE property data collection. It supports comprehensive interior and exterior data collection, including images and a floor plan of the subject property.
ProxyPics' cutting-edge technology has earned it the distinction of being the pioneer in submitting PDRs prepared using the UPD to the bACE API. The ProxyPics mobile app empowers vetted, background-checked, and trained property data collectors to efficiently capture property photos, floor plans, View360 photos, and collect the UPD data needed for a PDR. This innovative technology, ready for use, establishes ProxyPics as a trailblazer in the industry.
With a network of over 100,000 data collectors, or Proxies, armed with the ProxyPics app, the company has created an on-demand network that adheres to the UPD and delivers results with unprecedented speed. ProxyPics boasts an impressive average turnaround time of 72 hours for PDR report deliveries nationwide, surpassing traditional methods significantly.
Luke Tomaszewski, Founder of ProxyPics, expresses his enthusiasm, stating, “We are thrilled to be at the forefront of this revolutionary shift in the real estate valuation industry. Our collaboration with Freddie Mac is not just about integrating technology; it’s about rewriting the narrative of property data collection. This collaboration empowers us to set new benchmarks in accuracy, efficiency, and simplicity, ultimately transforming the way the real estate sector operates.”
Daniel Miller, Freddie Mac Single-Family Director, Partner Delivery, welcomes ProxyPics as the first software vendor to complete the verification process, stating, "ProxyPics’ product could help lenders and borrowers benefit from faster turn times, while mitigating risks by helping lenders deliver complete and accurate PDRs."
What sets ProxyPics apart is its commitment to user convenience and efficiency. The platform has no order minimums or strings attached, making it a flexible and accessible solution for real estate professionals. The intuitive interface of ProxyPics was designed to deliver prompt and seamless results, empowering professionals to stay ahead in their real estate transactions.
ProxyPics is poised to revolutionize property data collection, providing a reliable, compliant, and efficient solution for industry professionals. The collaboration with Freddie Mac solidifies ProxyPics' position as a frontrunner in the real estate technology landscape, offering a game-changing approach to property data quality and reporting. As we enter this new era of property data collection, ProxyPics stands as a beacon of innovation, ushering in a future where accuracy, efficiency, and simplicity redefine the real estate sector.
