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Home » Store » News » Freddie Mac Adds Alerts to Loan Prospector

Freddie Mac Adds Alerts to Loan Prospector

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Responding to complaints from lenders that its technology was lagging behind that of rival Fannie Mae, Freddie Mac is making several changes to its Loan Prospector automated underwriting service, including adding a feature that will alert lenders if a property value seems suspiciously high. Also, the upgraded system will automatically identify borrowers who meet the median income and property location requirements for Freddie Mac’s low-downpayment affordable mortgage products. …
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