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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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  • Freddie Mac Announces Disaster Payment Deferral and other Servicing Updates

    Guide Bulletin 2020-28 announces updates to disaster-related policies, including the introduction of the disaster Payment Deferral option. Guide Bulletin 2020-29 provides updates to insurance loss settlement and document custody requirements. Both Bulletins include other updates that may be important to Servicers.

  • ARM Cash Program Prepares for New Commitment Process

    Beginning on August 3, 2020, you’ll experience a simpler adjustable rate mortgage (ARM) cash commitment process that requires less data entry and provides greater price certainty at time of commitment.

  • Updated Interactive Spanish Translation Aids for the Redesigned URLA

    Freddie Mac has published interactive Spanish translation aids for each component of the redesigned Uniform Residential Loan Application (URLA).

  • Resources and System Updates to Help Guide Your LIBOR Transition

    Check out these new and updated resources we’ve developed to support your London Interbank Offered Rate (LIBOR) to Secured Overnight Financing Rate (SOFR) transition activities.

  • Enhancements and System Edits Coming Soon to Loan Selling Advisor®

    On June 27, get ready for a new look and feel to our online help tool and improved functionality.

  • New Joint GSE Resources on LIBOR Transition

    Freddie Mac and Fannie Mae, under the guidance of the Federal Housing Finance Agency (FHFA), have jointly published new resources to help the housing finance industry transition from the use of the London Interbank Offered Rate (LIBOR) indexed ARMs.

  • A New Relief Solution for COVID-19 Impacted Homeowners

    During a crisis, it can be difficult for homeowners to react to the unexpected and learn what mortgage relief options are out there. With the right resources and solutions, servicers can help educate borrowers about their options – including the new COVID-19 Payment Deferral.

  • Participating in the URLA Limited Production Period

    Today with Fannie Mae, we published a joint announcement inviting lenders who meet specific criteria to participate in the Uniform Residential Loan Application (URLA) limited production period beginning August 1, 2020. During this period, lenders will be using the redesigned URLA (Freddie Mac Form 65) and updated Freddie Mac Loan Product Advisor® v5.0.06 specifications to originate loans in a controlled implementation.

  • ULDD Updates to Support SOFR ARM Index Transition

    This announcement highlights ULDD SOFR related specification updates and implementation considerations.

  • New Loan Collateral Advisor/UCDP Feedback Message

    We’re adding a new Freddie Mac proprietary feedback message (effective April 17, 2020) to Loan Collateral Advisor® and Uniform Collateral Data Portal® (UCDP®)

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