Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
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Freddie Mac has unveiled an automated tool that lets mortgage lenders evaluate a prospective homebuyer’s direct deposition income. So reports RISMedia.
The mortgage finance giant touted the new capability as a way of cutting down on paper documents required of borrowers, for a quicker and simpler lending process.
Kevin Kauffman, vice president of client and partner delivery at Freddie Mac Single-Family, said, “We are thrilled to announce another first-of-its-kind solution to help bring greater loan origination efficiencies.”
