Freddie Mac today announced it really is including tools that are new abilities — Loan Closing Advisor(SM), Loan Product Advisor(SM), and Business Intelligence — to Loan Advisor Suite. With the previously announced Loan Collateral Advisor(SM), these tools and applications make Loan Advisor Suite a versatile, end-to-end loan distribution solution that increases loan provider effectiveness and offer early in the day understanding of representation and guarantee relief.
Anticipated to commence a rollout that is phased summer time, Loan Advisor Suite was created to provide Freddie Mac clients immediate access to loan data and Freddie Mac’s full variety of loan manufacturing and delivery tools either through an individual sign-on portal and/or their loan origination system.
When finalized on, loan providers can go seamlessly involving the Loan Advisor Suite functionalities they have been credentialed to utilize and begin using the actionable feedback they get. This may assist lenders resolve production problems throughout the loan production procedure prior to the loan closes or perhaps is delivered.
“We designed Loan Advisor Suite with loan providers to aid lenders concentrate their resources on particular regions of prospective danger, therefore increasing their effectiveness and possibly reducing their costs — all while supplying greater certainty in regards to the quality of these loans,” stated Andy Higginbotham, senior vice president and mind of Single-Family Strategic Delivery at Freddie Mac. “Together we accomplished our provided goal to provide our clients greater certainty, usability, dependability and effectiveness in manufacturing top quality mortgages.”