Through the acquisition, Flagstar gains a significant number of correspondent relationships accounting for more than $7 billion in agency and government loans in 2016.
Freddie Mac continues to add new features and capabilities to its Loan Advisor Suite based on feedback from users.
In order to tap into the huge potential of the millennial market, mortgage lenders must make significant investment in new technologies – in particular, mobile technologies.
The type of risk that lenders face today has changed compared with even just a few years ago.
The new suite provides an automated process for helping lenders determine if a loan meets Freddie Mac’s guidelines.
“These tools deliver our policies and procedures in a way that is very consumable and uniform across all lenders and servicers.”
With regulatory changes that keep on coming, lenders and servicers alike must ensure that their third-party service providers know what to look out for.
Even if you are focused on defect-free loan manufacturing, can you
be sure your service providers are, too?
The most important issue to focus on is whether a borrower is engaged in substantive loss mitigation.