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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Discover how digital platforms are redefining mortgage originations, streamlining processes, and enhancing customer experience in today's evolving real estate market.
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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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