Freddie announced that Loan Advisor will now offer an automated income and asset assessment feature to allow lenders to easily leverage borrower info from Equifax, FormFree, Finicity, LoanBeam and Yodlee. The upgrade is designed to reduce documentation and speed-up the origination process, the 2018 HW Tech100 winner said.
Freddie also revealed that its Loan Product Advisor tool will feature an integrated solution for calculating income for self-employed borrowers. The company said the enhancement makes it the first and only automated underwriting system with an integrated self-employment income asset solution in the mortgage industry.
This is an excerpt. Read the fully story in HousingWire.
