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).
-
The Rise of Digitalization in Mortgage Originating: A Paradigm Shift
Explore the transformative rise of digitalization in mortgage originating and how it's reshaping the industry, enhancing efficiency, borrower experience, and operational growth.
Estimated reading time: 0 minutes, 24 seconds
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.
MOST READ STORIES
Fast,Easy & Free
