Freddie Mac has unveiled new automation technology, Quality Control Advisor Plus, to enhance loan quality, drive efficiency, and lower costs for lenders. The platform will streamline the quality control review and remedy process on delivered loans, with a phased onboarding underway and availability to all lenders by year-end. The system unifies previously separate QC systems, providing real-time alerts, standardized communication, and immediate confirmation of file receipt. Additionally, Freddie Mac has introduced an income calculator to help lenders accurately assess borrower criteria and reduce loan defects. The company aims to improve loan quality, reduce costs, and drive efficiency for lenders.

Read more at GlobeNewswire: Freddie Mac Announces Enhanced Technology to Boost Loan