Freddie Mac, ICE collaborate to offer lenders greater efficiencies

Freddie Mac (FMCC) and Intercontinental Exchange (ICE) announced enhancements that leverage both companies’ automation technologies to enable lenders to more quickly and efficiently underwrite mortgage loans starting at the point of sale. “Together, Freddie Mac and ICE have leveraged our organizations’ unique technological strengths to help lenders originate more mortgages in this challenging market,” said Freddie Mac’s Kevin Kauffman, Senior Vice President, Seller Engagement, Single-Family Acquisitions. “The result is empowering lenders to originate more loans eligible for sale to Freddie Mac without changing their workflow. We’re also arming lenders with more detailed information around purchase requirements as well as cost-saving options for first-time homebuyers.”