Skip to Page Content | Skip to Site Navigation

Loan Product Advisor®

Loan Product Advisor Icon Loan Product Advisor®

Achieve greater certainty in the loans you sell to
Freddie Mac.

We' re using big data and advanced analytics to
give you a more powerful tool.

 PLAY VIDEO

screen shot of the Loan Product Advisor interface
Access Freddie Mac Loan Advisor Suite®

Enhanced Underwriting Workflow

screen shot of the Loan Product Advisor interface

 

 

 

 

 

 

 

Loan Product Advisor® – the cornerstone of Freddie Mac Loan Advisor Suite® – gives you access to Freddie Mac credit requirements and view of credit risk so you can easily assess your loan’s overall underwriting risk. It's our next generation in automated underwriting.

We're continuously innovating and improving to better meet your needs – using big data and advanced analytics to create powerful enhancements:

  • Automated collateral evaluation.
  • Automated asset and income validation. (coming soon)
  • Automated assessments for borrowers without credit scores.
  • Immediate certainty for collateral rep and warranty relief.

Ultimately, it's about helping you cut costs and giving you rep and warranty relief sooner in your loan manufacturing process.

  • Automated collateral evaluation, an option to waive an appraisal for certain mortgages. Increases efficiency and reduces costs in the origination process for lenders and homebuyers, while also providing immediate certainty with respect to the appraisal.

  • Automated income and asset validation, quickens borrower qualifications saving you and your borrowers time

  • Expanded homeownership opportunities for borrowers with no credit score, the ability to evaluate borrowers without a credit score.

  • Immediate certainty for collateral rep and warranty relief gives you confidence in the loans you sell to us. You'll receive notification of eligibility through an indicator in Loan Product Advisor.

  • Improved feedback and layout of results, allows you to quickly and easily find and execute clear underwriting feedback for faster processing.

  • Intuitive and easy to navigate.

  • Take full advantage of the entire Freddie Mac credit box and suite of loan programs to originate more loans.

  • Source more correspondent business with an improved overall experience, including enhanced Loan Product Advisor workflow and ease-of-use through a loan origination system vendor.

Reliable Origination Capabilities

screen shot of the Loan Product Advisor interface

Loan Product Advisor gives you superior origination capabilities, improved functionality, and usability. It’s a better tool offering an even better experience.

  • The Loan Product Advisor Feedback Certificate helps you quickly identify and understand key results:

    • Feedback messages are logically grouped by category (e.g., Employment and Income).

    • Simple navigation and data visualization makes finding specific results fast and easy.

    • Actionable feedback messages provide more loan-specific underwriting direction.

  • Loan Product Advisor is free for all users – lenders, correspondents and third-party originators – through Freddie Mac or several loan origination system vendors.

  • Provides superior risk assessment capabilities that help predict a borrower’s ability to repay their loan.

  • Assesses a broad range of products, such as fixed-rate mortgages, ARMs, FHA, VA loans, super conforming loans, Freddie Mac Home Possible® mortgages and Relief Refinance MortgagesSM – Open Access.

  • Provides Home Value Explorer® point value estimates for HARP transactions and other lender activities.

Learning Center

Everything you need to get started and get the most from our entire suite of products.

Learn More

Be an Insider

Get the latest Loan Advisor Suite news delivered straight to your inbox.

Subscribe


Back to Top