Estimated reading time: 0 minutes, 24 seconds

Freddie Mac Updates Income Assessment Tool for Digital Paystubs

Friday, May 26 2023
Originating
Written by  The Mortgage Leader

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.

Freddie Mac 150x150The 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).

Read the full article from DSNews.

Read 1857 times
Rate this item
(0 votes)
More in this category: « Colonial Savings Shutters Mortgage Origination Unit Social Selling the Key to Personal Brand Building »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline