call freddie mac phone number for lenders

Call freddie mac phone number for lenders mac#

“AIM for self-employed borrowers is a win for the industry and we’re excited to make it broadly available. “At Freddie Mac, we’re continuously innovating to better meet our lenders’ needs to cut costs, drive efficiency and deliver a better borrower experience,” added Higginbotham. “Automating income calculation is a game changer for lenders and their processing staff.” “Together with Freddie Mac, AIM for self-employed borrowers helps us deliver cutting-edge technology to provide the very best customer experience,” said Kirk Donaldson, LoanBeam's CEO. That’s a 13 percentage point drop for self-employed compared to a 6 percentage point drop for salaried buyers. you meet qualifications and your loan is backed by Fannie Mae or Freddie Mac. Developers and investors should call (888) 235-3102 or email, or mail to 38837 Camelot Way. You can contact your lender even earlier, too, and start the application.

Call freddie mac phone number for lenders mac#

As of 2016, 74 percent of salaried homebuyers used a mortgage compared to just 67 percent of self-employed buyers. Looking for a Fannie Mae or Freddie Mac Loan option for refinancing or purchasing of a multifamily residence. This demographic continues to be an important source of jobs for some 15 million people and is expected to grow at the same, or faster rate, than the overall workforce.Īccording to Urban Wire research, in 2007, 80 percent of both salaried and self-employed homebuyers obtained a mortgage loan. Bureau of Labor Statistics reported that self-employment makes up more than 10 percent of total employment in the United States. It gives them a competitive edge to help grow their business in a tightening purchase market and gives them confidence they are delivering loans that align with Freddie Mac’s purchase eligibility requirements as captured in Loan Product Advisor.” “Loan Product Advisor’s AIM for self-employed borrowers provides our lenders with a new way to expand their business efficiently.

“There are millions of self-employed workers in the United States and that number is only expected to grow,” said Andy Higginbotham, SVP and COO, Single-Family, Freddie Mac.

With proprietary technology provided by LoanBeam, AIM for self-employed simplifies underwriting of this borrower segment by automating the lenders’ income calculation process and speeding up the mortgage application process while maintaining strong credit underwriting standards. This is the industry’s only AUS-integrated self-employed income assessment solution. Freddie Mac announced that its asset and income modeler (AIM) is now available for self-employed borrowers through Loan Product Advisor, the company’s automated underwriting system (AUS). Website: Federal Home Loan Mortgage Corporation (Freddie Mac) Contact: Contact the Federal Home Loan Mortgage Corporation (Freddie Mac) Phone Number: 1-70.