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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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  • March 2024 Loan Coverage Advisor Release

    A new affordable program value, new columns in the search exports and an enhanced Interim Servicer field have all been implemented in Loan Coverage Advisor® as part of the March release. Learn more.

  • Client Testing for ULDD Phase 4a Updates and Phase 5

    Get information about how to test your readiness for the June 3, 2024 implementation of ULDD Phase 4a Updates and Phase 5 and more.

  • UCD v2.0 Specification Initiative

    GSE announcement of the Uniform Closing Dataset (UCD) v2.0 Specification Initiative includes UCD Critical Edits Phase 4 and Phase 3B postponed requirements.

  • March 2024 ECO Release Includes One New Dashboard and Several Enhancements

    We’ve added a new Expanding Credit Opportunities dashboard and made enhancements to several others across ECO and Loan Advisor in ECO.

  • April 2024 LPA Release

    April’s release supports the publication of the new LPA system-to-system specification, version 5.4.00. Get more details on the new features available.

  • Communication Flows Easier Than Ever in Condo Project Advisor

    The Project Certified Submission (PCS) process in Condo Project Advisor® is merging with the Loan Advisor notifications feature.

  • February 2024 Loan Quality Advisor® Release Updates

    February releases include updates to condo projects, Loan Selling Advisor® critical edits, Home Possible® mortgage credit, and Trended Credit Data requirements

  • More Transparency for Condo
    Loan Originations

    A new form is now available for authorized HOA representatives and Freddie Mac Seller/Servicers seeking information as to whether a condominium project has been assigned a “Not Eligible” status.

  • More Clarity in Condo Project Advisor

    Now you can find more clarity into condo project eligibility with the new Project Assessment Request (PAR) Not Eligible status.

  • Trended Credit Data and March 2024 LPA Release

    We’re announcing that trended credit data will be required in LPA submissions later this year. Plus, get the latest on the March release that includes updates for AIM, specification retirement and more.

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