Freddie Loan Advisor Suite Replaces Loan Prospector
| Freddie Loan Advisor Suite Replaces Loan Prospector. Bulletin 2016-03 (Dated February 17, 2016) |
Rule Synopsis:
Freddie Mac has created what they are calling the “Loan Advisor Suite” – a suite of tools to better manage all facets of doing business with Freddie Mac. It includes:
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Loan Product Advisor
- The new name for Loan Prospector – along with other improvements described below
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Loan Quality Advisor
- Assessment of loan risk and purchase eligibility
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Loan Collateral Advisor
- Appraisal Risk Evaluations
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Loan Closing Advisor
- A tool to ensure the data aligns with the Uniform Closing Dataset
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Loan Coverage Advisor
- Tracks the rep and warranty timeframes and associated relief related dates
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Selling System
- Freddie Mac’s solution for pricing and loan delivery needs
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Business Intelligence
- Quick snapshots of your loan activity in interactive dashboards
Supporting Resources:
Freddie Mac Announcement – Loan Advisor Suite – Better Tools, Greater Certainty
(dated March 31, 2016)
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