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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Adapting to Interest Rate Fluctuations: A Guide for Mortgage Originators This article discusses the implications of interest rate fluctuations on mortgage originators and suggests strategies for adapting, including diversifying loan pipelines and leveraging technology.
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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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