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.