Value Verify™

Value Verify™

An exciting new way to validate property value without a traditional appraisal.

We leverage Fannie Mae’s extensive database and analytical capabilities to provide an incredible second-chance opportunity to save money and time on valuation when loans don’t get an Appraisal Waiver (formerly “PIW”).


Eligibility is determined through DU, so there's no guessing or complex guidelines to adopt. A significant percentage will not require an appraisal!


Inspection = $175. A 1004P may be required to validate value, but PennyMac handles that order and covers 100% of the additional cost*


The Value Verify process can reduce the loan process by several days. The initial inspection is very efficient and typically takes 2-4 business days!

Highlights & Advantages
  • Value validation without an appraisal is highly likely
  • Only Fannie Mae (DU) loans are eligible (DU will inform brokers of Value Verify eligibility using its programmed messaging)
  • Typically within 2-4 business days, property inspections will be completed by a third party service provider (broker will order via West VM)
  • Inspection: $175 (When eligible, this is the ONLY cost for value validation)
  • If an additional desktop valuation is needed, PennyMac orders and pays for a 1004P*
Value Verify Workflow

After running DU, expect the following messages if the loan is eligible for the Value Verify process:

DU Message ID 3081: Value Verify eligible: Based on the data provided to DU, this loan casefile is eligible for Value Verify. After the property data has been collected and submitted to Fannie Mae’s Property Data API by an eligible vendor on the lender’s behalf, the loan casefile must be resubmitted to DU for a final determination of the minimum collateral validation requirement.

DU Message ID 3401: Value Verify eligible: Based on the data provided to DU, this loan casefile is eligible for Value Verify Data & Appraisal. Either a conventional or desktop appraisal is required. When the desktop appraisal is used, property data must be collected and submitted to the Fannie Mae Property Data API. After property data has been submitted, the loan casefile must be resubmitted to DU.

*Special introductory offer; subject to change.