The move aims to speed up income calculations, streamline the process and make credit more widely available.
The new feature is accessible to lenders through Freddie Mac’s Loan Product Advisor (LPASM) asset and income modeler (AIM).
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The Evolution of Mortgage Origination: Navigating the Trends of Mortgages
Explore the latest evolution in mortgage origination, from digital platforms to AI-driven solutions, reshaping the loan processing landscape for lenders and borrowers.
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Freddie Mac Updates Income Assessment Tool for Digital Paystubs
Freddie Mac has revised its automated income assessment tool so that lenders may now use a borrower’s digital paystub data as part of their assessment of a homebuyers’ income paid through direct deposit. So reports DSNews.
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