Does the loan collateral property address listed on the ACORD (or other insurance documentation) need to exactly match the address listed on the Appraisal, including abbreviations and punctation? For example, does “W” need to be updated to the full word “West”, does “Dr.” need to be updated to “Drive”, and do discrepancies with respect to periods (.) or commas (,) need to be resolved?
The property address listed on the ACORD
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Does the loan collateral property address listed on the ACORD (or other insurance documentation) need to exactly match the address listed on the Appraisal, including abbreviations and punctation? For example, does “W” need to be updated to the full word “West”, does “Dr.” need to be updated to “Drive”, and do discrepancies with respect to periods (.) or commas (,) need to be resolved?
- No. This is not necessary in the case of abbreviations or punctation; in this example, either “W” or “West” and “Dr.” or “Drive” and discrepancies in a period (.) and comma (,) in the address would be OK and accepted by Freddie Mac or Fannie Mae.
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