Stewart Valuation Intelligence, LLC is Approved to Support Fannie Mae’s New Valuation Modernization Process

Rhea-AI Summary

Stewart Information Services Corporation (NYSE:STC) announced that its subsidiary, Stewart Valuation Intelligence, LLC (SVI), is now approved to support Fannie Mae’s new Value Acceptance + Property Data via its VALIDITY inspection applications for iOS and Android. This initiative aims to modernize property valuations. SVI boasts a robust network of over 30,000 trained appraisers and real estate professionals for data collection, which enhances its capacity to satisfy the needs of Government-Sponsored Enterprises (GSEs). According to Aaron Fowler, President of SVI, the unified data set collected through VALIDITY streamlines the inspection process for both GSEs, allowing lenders to expedite lending, ultimately saving time and costs for borrowers.

Positive

• Approval from Fannie Mae enhances SVI's market position.
• Access to a network of over 30,000 trained appraisers strengthens data collection capabilities.
• VALIDITY inspection applications are optimized for both iOS and Android devices, increasing accessibility.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Stewart Information Services Corporation (NYSE-STC) today announced that Stewart Valuation Intelligence, LLC (SVI) has been approved to support Fannie Mae’s new Value Acceptance + Property Data through VALIDITY, the company’s family of inspection applications, optimized for IOS and Android.

“Fannie Mae is rebranding what was formerly Appraisal Waiver to Value Acceptance as part of Valuation Modernization,” said Aaron Fowler, President of Stewart Valuation Intelligence. “At SVI, we’re able to satisfy the needs of both GSEs with a Unified Data Set collected through VALIDITY, allowing for one inspection that can be delivered to both GSEs.”

Fannie Mae requires that property data be collected by a trained and vetted third party. SVI’s extensive partner network is a distinct data collection advantage, with more than 30,000 active appraisers, brokers and agents in the field.

Fowler continued, “SVI has an extensive and experienced national network of real estate agents and brokers to collect property data, who are trained, vetted, and pass yearly background checks. Combined with our VALIDITY inspection application, we are pleased to have the people, processes, and technology to meet this important need.”

Through VALIDITY, SVI helps lenders expedite the lending process and save time and money for borrowers. For more information about how Stewart Valuation Intelligence supports the GSEs and Valuation Modernization, please visit stewartvaluation.com.

About Stewart

Stewart (NYSE-STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. At Stewart, we are dedicated to becoming the premier title services company and we are committed to doing so by partnering with our customers to create mutual success. Learn more at stewart.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230421005288/en/

John Chattaway, Stewart Media Relations

(713) 625-8180

mediarelations@stewart.com

Source: Stewart Information Services Corporation

FAQ

What is Stewart Information Services Corporation's stock symbol?

The stock symbol for Stewart Information Services Corporation is STC.

What recent approval did Stewart Valuation Intelligence receive?

Stewart Valuation Intelligence received approval to support Fannie Mae's new Value Acceptance + Property Data.

How does Stewart Valuation Intelligence collect property data?

SVI collects property data through a network of over 30,000 trained and vetted appraisers, brokers, and agents.

What is the purpose of Fannie Mae's Value Acceptance initiative?

Value Acceptance aims to modernize property valuation processes as part of Fannie Mae's Valuation Modernization strategy.

How does the VALIDITY application benefit lenders?

VALIDITY helps lenders expedite the lending process, saving time and costs for borrowers.