Fannie Rescheds, Freddie Ready With Loan Tool Updates
June 24, 2016
While Fannie Mae scrapped its plans to roll out Desktop Underwriter 10.0 the last weekend in June, Freddie Mac forges ahead with plans for its July 11 release date of Loan Advisor Suite. Fannie and Freddie have both been preparing for big updates to their loan origination tools this year. However, Fannie delayed its June 25 rollout by three months and this week scheduled to release DU 10.0 the week of Sept. 25. Freddie’s Loan Advisor Suite is actually the next generation of Loan Prospector, which it named Loan Product Advisor. The GSE recently reminded its customers of the upcoming change and offered tips on how to prepare for it.