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2018 HW Tech100 Winner: Freddie Mac

ACE enables lenders to originate a loan without traditional appraisal

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Freddie Mac

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In 2017, Freddie Mac introduced its new automated collateral evaluation solution, an enhancement within the company’s Loan Advisor Suite’s Loan Product Advisor, its automated underwriting system.

Through ACE, Freddie Mac leverages big data and advanced analytics and enables lenders to originate a loan without a traditional appraisal and with immediate certainty. ACE can speed up, simplify and lower the cost of the loan origination process for both lenders and their borrowers by eliminating the appraisal fee.

freddiemac.com

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