Freddie Mac Adds Three New Tools To Loan Advisor Suite

Freddie Mac has added three new tools to its Loan Advisor Suite that is scheduled for introduction this summer.

The new Loan Closing Advisor, Loan Product Advisor and Business Intelligence tools, when used with the previously announced Loan Collateral Advisor, together will make a flexible, end-to-end loan delivery solution that can increase lender efficiency and provide earlier insight into representation and warranty relief.

One of the advantages for lenders using the Loan Advisor Suite is that they can get quick access to the production and delivery tools either through a single sign-on portal or their loan origination system. They can also access loan-level data without the need to keep signing back in.

“We designed Loan Advisor Suite with lenders to help lenders focus their resources on specific areas of potential risk, thereby increasing their efficiency and potentially reducing their costs – all while providing greater certainty about the quality of their loans,” says Andy Higginbotham, senior vice president and head of single-family strategic delivery at Freddie Mac, in a release. “Together, we achieved our shared objective to give our customers greater certainty, usability, reliability and efficiency in manufacturing high-quality mortgages.”

“Loan Advisor Suite has a new look and feel that provides a superior customer experience,” adds Chris Boyle, senior vice president and head of single-family sales and relationship management at Freddie Mac. “The screens are clean and uncluttered. The application icons are intuitive and logically organized. Lenders sign on and then, as different sets of data arrive at different points in the origination process, leverage the right functionality.”

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