Tuesday, December 6, 2022 | The Latest Buzz for the Appraisal Industry

FormFree Supports Freddie Mac’s Employment Reverification Requirement

FormFree’s AccountChek digital asset verification service is now supporting a new enhancement to Freddie Mac’s Loan Product Advisor (LPASM) asset and income modeler (AIM) solution that makes assessment of borrower employment easier, faster, less expensive and more fraud-resistant.

Under Freddie Mac Single-Family Seller/Servicer Guide requirements, with limited exceptions, mortgage lenders must verify each borrower’s employment during the initial loan application, then again within 10 days of the loan’s closing date. The verification, done prior