Awards

2020 HW Tech100 Mortgage winner: Freddie Mac

AIM eliminates the need to manually input tax return information

Loan Product Advisor asset and income modeler for self-employed is Freddie Mac’s solution for automating a lender’s income assessment of this growing borrower segment. AIM eliminates the need to manually input tax return information and perform the income calculation. It is also the only fully integrated AUS income and asset assessment solution covering asset and income for W2 and self-employed borrowers.

  • Eight to 10 day reduction in time from application to close
  • One bank in Kansas City reduced cycle time from 33 to 22 days on conventional loans
  • Same bank also reduced the number of loans needing income changes — from application to underwriting — from 60% of the time to less than 2% since adopting AIM for self-employed.

http://www.freddiemac.com

Most Popular Articles

The housing market faced uncertainty in March, but now ‘it’s a circus’

The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space have turned this year into a boom time for real estate agents.

Oct 21, 2020 By

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The housing bubble boys blew it in 2020

The NAR existing home sales report released today blew out all estimates with 6,540,000 in existing home sales. This epic headline punctured any 2020 bubbles the housing bubble boys had left in their arsenal. But before we get too excited, keep in mind we are still down 0.2% year to date compared to 2019 levels. Still, this seems like a booming housing market, right?

Oct 22, 2020 By
3d rendering of a row of luxury townhouses along a street

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