ASP Link to Freddie’s LP Speeds AU Work for Lenders
April 12, 2004
Lenders will now be able to get faster underwriting decisions for online applications from Freddie Mac’s Loan Prospector automated underwriting engine, thanks to a new interface provided by an application services provider. The ASP vendor, Data-Vision, Mishawaka, IN, says lenders that use the company’s LoanQuoter.com can let borrowers know in seconds whether their mortgage is approved.