What Is Freddie Mac’S Automated Underwriting System Called?
Freddie Mac’s automated underwriting system is called Loan Prospector. This system is designed to streamline and simplify the mortgage underwriting process. Here are the main reasons why Loan Prospector is a valuable tool in the industry: 1. Improved Efficiency: Loan Prospector allows lenders to submit loan applications electronically, reducing paperwork and manual processes. This automation …
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