Originate and Underwrite
Find information on our credit requirements, underwriting, fraud prevention, quality control, using Loan Prospector® and Loan Quality AdvisorSM, and other useful information for originating and underwriting mortgages.
The Loan Prospector automated underwriting system provides you with an assessment of a loan's eligibility for sale to Freddie Mac.
LQA gives you an automated way to identify credit, data, and purchase eligibility issues before you deliver loans to Freddie Mac.
UCDP® is the required portal for electronically submitting appraisal data files for all conventional mortgages where an appraisal is required.
How to Get Started with Loan Prospector – Signing up for Loan Prospector is easy. Simply complete our online sign-up process and you can be up and running in no time at all.
Available Mortgages Products – With our full line of mortgage products available for assessment in Loan Prospector®, you'll have the solutions you need to meet your unique business and to reach a wide variety of borrowers.
Broker Resource Center – With mortgage products to help you meet the needs of your borrowers and our solid relationships with the wholesalers you work with, we'll help you serve more borrowers in your community.
Electronic Transactions – You are permitted to conduct electronic transactions using electronic versions of certain loan documents in the initial loan origination process allowing you to take advantage of the operational efficiencies and quicker processing.
Our appraisal standards and tools are in place to enhance appraisal data quality and consistency, promote the collection of electronic appraisal data, and provide important protections to homebuyers, mortgage investors, and the housing market.
As part of the Uniform Mortgage Data Program®, (UMDP®) Freddie Mac and Fannie Mae have worked together at the direction of their regulator, the Federal Housing Finance Agency, to develop the Uniform Appraisal Dataset (UAD) and the Uniform Collateral Data Portal® (UCDP®) in an effort to enhance appraisal data quality and consistency and promote the collection of electronic appraisal data.
Appraiser Independence Requirements (AIR)
AIR is based on certain standards from the Home Valuation Code of Conduct (Code). The requirements ensure that we continue to maintain the highest standard of appraiser independence and appraisal reliability for the industry.
Automated Valuation Modeling Tools
Freddie Mac's Home Value Suite is a set of valuation modeling tools that automate, streamline, and drive down the cost of collateral valuation.
Home Value Explorer® (HVE®)
Our Automated Valuation Model (AVM) tool that generates property value estimates for all 50 states with a database of approximately 81 million property records.
Home Value Calibrator® (Calibrator)
Calibrator is a quality control tool that measures the risk that an appraisal, or other estimate of a property value, exceeds the actual market value.
Help & Training
So, you have your Loan Prospector® User ID and Password and you can't wait to get started, or you're already using Loan Prospector and want to learn more. This is the place for you! Meet us on the Internet for free training and resources that are conveniently accessible 24/7.
Originate and Underwrite: Training and Resources
Select a topic below for self-serve resources such as training, quick references, and other information.
Learn All About
Descriptions of all Underwriting resources for training and education are available in this comprehensive, easy-to-print reference.
Upcoming Training Events
Select a course title below for course description, prerequisites, objectives, materials and availability, or view all scheduled training events.
|Course Description||Cost||Date||Time (ET)||Location||Register|
|Loan Prospector Documentation Requirements||$0.00||12/02/15||Web Conference||Register|
|Introduction to the Self-employed Borrower||$0.00||12/02/15||Web Conference||Full|
|Integrating LQA into Your Business Processes||$0.00||12/03/15||Web Conference||Register|
|Underwriting Income and Employment||$0.00||12/03/15||Web Conference||Register|
|Construction Conversion and Renovation Mortgages||$0.00||12/08/15||Web Conference||Register|
|Condominium Projects Eligibility Requirements||$0.00||12/08/15||Web Conference||Register|
|Loan Coverage Advisor||$0.00||12/08/15||Web Conference||Register|
|Loan Prospector Functionality||$0.00||12/08/15||Web Conference||Register|
|Loan Prospector Feedback Results||$0.00||12/11/15||Web Conference||Register|
|Loan Quality Advisor: Introduction and Overview||$0.00||12/14/15||Web Conference||Register|
10 of 45 scheduled events displayed.
Workshop Web Event