The Mortgage Bankers Association (MBA) and Freddie Mac have joined together to offer MBA members a variety of special mortgage product flexibilities and enhanced training benefits, according to the announcement made at the MBA's 102nd Annual Convention and Expo in San Diego.
According to the announcement, the alliance will provide MBA members with dedicated Freddie Mac support, including a customer service line, account coverage, special product flexibilities and community outreach opportunities.
Additional benefits include access and discounts to Freddie Mac's educational and training courses, including MBA-member only webinars. Freddie Mac will also offer a variety of tools and capabilities, including the Loan Prospector and Loan Quality Advisor tools, to support MBA members in the origination process.
Through the alliance, MBA members will now be eligible to become Freddie Mac seller/servicers at a reduced application rate and with support throughout the application process.