New Penn Financial, Freddie Mac and Integra Software Solutions are developing a one-click submission of loan data to Freddie’s automated underwriting system, Loan Product Advisor , and to Fannie Mae’s Loan Prospector. The aim is to deliver the capability to generate a best execution in the secondary market through data that’s simultaneously submitted to both Freddie Mac and Fannie Mae.

“AUS-Neutral Design is an innovative movement supporting the idea that lenders should run both underwriting systems to identify the best path for their borrowers and, in many instances, the optimal processing path for themselves,” said David Fulford, vice president of strategic technology at Freddie Mac for single family integration

In the past, a lender could use a Fannie Mae decision and Freddie Mac would accept it, but the lender, therefore, didn’t have the loan details it required. But through this collaboration, Integra’s web-based Epic solution allows lenders to submit loan-data via a single click to the government sponsored enterprises--enabling borrowers to see the full view of options available to their borrowers, and ultimately, a better borroer experience. The Epic solution delivers real-time data that’s designed to increase lender efficiency and streamline the residential real-estate solution.

“With results from both GSE AUSs, we can give borrowers access to more options, like appraisal waivers, so they can save money and shorten the time it takes to close a loan,” said Dena Kwaschyn, chief fulfillment officer at New Penn Financial.

New Penn will have details from both government sponsored enterprises, and can sell the loan where it makes the most sense to their borrowers. The lender will have a complete view of options available to their borrowers--and that will improve their experience.