Freddie Mac launched several innovations in mortgage technology this year – solutions that helped the company expand and sustain homeownership and enhance an industry standard for mortgage rates in the United States. These technology game changers include numerous and thoughtful enhancements to Loan Product Advisor (LPA), a technology solution that helps lenders efficiently and effectively originate and underwrite mortgage loans, Resolve application programming interfaces (API) and the launch of Freddie Mac’s newly enhanced Primary Mortgage Market Survey (PMMS).
The recent technology improvements at Freddie Mac demonstrate the value the company puts on leveraging its vast and dynamic data sources, bringing efficiency and accuracy to nearly every part of the mortgage market. From analyzing rates weekly, to solid underwriting and helping borrowers stay in their homes, Freddie Mac will continue to make homeownership possible with the technologies leading the housing market forward.
Loan Origination, Servicing