FREDDIE MAC EXPANDS TECHNOLOGY INTEGRATION SUPPORT FOR COMMUNITY LENDERS

McLean, VA – Integrating such technology and solutions as Freddie Mac's Loan Prospector^® automated underwriting service or its new web-based selling system just became easier for community lenders. Launched in June, Freddie Mac's new Technology Consultative Services helps community lenders integrate the company's technology into their business processes.

Using the convenience of the Internet, Freddie Mac's Technology Consultative Services offers community lenders access to a variety of tools and support, which include free web-based conferences, self-study workbooks, and best practices used by other lenders who've implemented Freddie Mac technology solutions into their business processes. Freddie Mac staff also are available online and via telephone to answer questions.

The integrated solution encompasses web conference training, self-study workbooks, and access to live support that offers guidance, tools and templates for implementing the business process changes in an organization.

Web conference topics include:

The basics of creating a project plan, assigning tasks and using the plan to monitor and track results.
How to analyze training needs and implement training plans for employees impacted by changes to business processes.
Beginning the transition from the legacy Loan Prospector Classic^® system to LoanProspector.com.
Transitioning smoothly to FHA's TOTAL Mortgage Scorecard through Loan Prospector.
Insight and best practices shared by lenders who have already implemented Freddie Mac's new selling system into their operations.

"Using the ease and convenience of the Internet we're giving community lenders the one-on-one support and information they need in a very efficient and cost-effective manner," said Tonya C. Jackson, Freddie Mac vice president of Customer Care. "Smoother and faster integration of technology and new services will help community lenders remain competitive, gain efficiencies, more easily implement Freddie Mac mortgage products into their operations and provide better customer service."

Technology Consultative Services is the latest enhancement to Freddie Mac's training and education curriculum for lenders. The company currently offers numerous web-based and live training sessions, as well as hundreds of online educational publications, a searchable FAQ database and other information through its Learning Center at http://www.freddiemac.com/learn/.

Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage passthrough securities and debt instruments in the capital markets. Over the years, Freddie Mac has opened the doors for one in six homebuyers and more than two million renters across America.

###