Tuesday, September 26, 2023 | The Latest Buzz for the Appraisal Industry

Freddie Mac Automates Verification Functions for Underwriting Process

Freddie Mac has unveiled new automated underwriting capabilities that allow lenders to verify assets, income and employment using borrower-approved bank account data. This functionality will be available to mortgage lenders nationwide through the asset and income modeler (AIM) in Freddie Mac Loan Product Advisor (LPASM), the company’s automated underwriting system.

“This industry-first innovation supports our mission of making sustainable homeownership more affordable and accessible,” states Andy Higginbotham, Freddie Mac’s single-family COO. “Our AIM suite

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