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CostToOriginate

2024 Cost to Originate Study

Digital-first lenders that leverage our technology solutions including Loan Product Advisor® (LPASM) to originate loans reduce costs and cycle times, increase pull-through rates, boost incremental yearly revenue and improve the borrower experience.

By The Single-Family Team, Freddie Mac

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Industry trends, marketplace dynamics and much more.

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  • New Loan Coverage Advisor Release Enhances R&W Relief Offerings Section

    The latest Loan Coverage Advisor® release delivers updates to the Loan Advisor R&W Relief Offerings section of the Loan Risk Details page.

  • Multifactor Authentication: Ensuring Your Data Is Safe and Secure

    Freddie Mac is committed to continuously enhancing and improving our security standards. To further protect data, we’re implementing Multifactor Authentication (MFA) as an additional layer of security on all Freddie Mac tools and technology applications in early 2022.

  • Loan Selling Advisor December 2021 Update: What’s New and Coming in 2022?

    10-bps Credit Field in Yield, 2022 Loan Limits, FAST in Loan Advisor and more updates in Loan Selling Advisor®.

  • November Loan Product Advisor Releases and Training Opportunities

    Check out November updates designed to help you streamline the way you work so you can assist more borrowers. Register for a new Loan Product Advisor training opportunity to learn more about the latest releases, enhancements included in LPA specification v5.1.00 and helpful information with your needs in mind.

  • November UCD and URLA/ULAD Announcements

    Today, we published two GSE joint announcements. Read about the finalized timeline for the UCD critical edits transition for Phases 2-4. The URLA/ULAD joint announcement provides the industry with our implementation timeline for the updated AUS specifications.

  • What’s New with Loan Closing Advisor and Loan Selling Advisor?

    Here’s a reminder about Loan Closing Advisor critical feedback message updates and details about new and upcoming enhancements in Loan Selling Advisor.

  • The Supplemental Consumer Information Form Has Been Published

    Freddie Mac and Fannie Mae (the GSEs) have published the Supplemental Consumer Information Form (SCIF Fannie Mae/Freddie Mac 1103). Although the GSEs do not require the SCIF, we are making it available for industry use for those who may find value in collecting borrower homeownership education, housing counseling and language preference information.

  • True Lies: Allies in the Fraud Fight

    Our QC and SFFR teams work together closely to identify fraud and reduce the risk it poses. Here, we look at one real-world example.

  • Newly Expanded Eligibilities: Freddie Mac Refi Possible℠

    With newly expanded eligibility requirements for Freddie Mac Refi Possible℠, you will soon be able to help even more low- and moderate-income borrowers refinance their existing mortgages.

  • Loan Product Advisor October Releases, Loan Quality Advisor Updates and More

    We’re making Loan Product Advisor updates in October to help you align with the Single-Family Seller/Servicer Guide and improve your day-to-day processes – to help you work faster so you can assist more borrowers. We’re also updating a Loan Quality Advisor feedback message in October and including a reminder that S2S authentication credentials must be reset every 365 days to prevent the risk of tool access suspension.

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