In both good and challenging economic conditions, Freddie Mac is a consistent presence in the mortgage market, providing liquidity, stability and affordability. A key to meeting its mission is to continuously raise the bar by leveraging technology. In 2023, Freddie Mac spearheaded several significant and innovative enhancements in mortgage technology — solutions that helped to reduce friction in loan manufacturing, improve loan quality and expand homeownership in a challenging market. These technology game changers include updates to Loan Product Advisor (LPASM), Freddie Mac’s automated underwriting system, and the launch of DPA One, a new tool that aggregates and showcases down payment assistance programs in a single, standardized, insights-rich tool. Both of these technology innovations help make home possible for more families.
These technology improvements demonstrate the value the company puts on leveraging its vast and dynamic data sources, helping to bring efficiency and greater accuracy to many aspects of the mortgage market. From analyzing rates weekly, to solid underwriting and helping borrowers stay in their homes, Freddie Mac’s goal is to continue to make home possible with the technologies leading the housing market forward.