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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Mortgage Trainer Ron Vaimberg: 'Expand Your Network'Mortgage industry trainer Ron Vainberg, president of Ron Vainberg International, has shared some tips on raising profits in a slow sales environment. So reports TheMReport.
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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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