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ABA Renews Freddie Mac Alliance to Help Banks Compete in Mortgage Market Print E-mail
Monday, 23 June 2014

WASHINGTON — The American Bankers Association (ABA) – through its Corporation for American Banking subsidiary – has renewed its Freddie Mac alliance to provide ABA members with endorsed solutions which provide exclusive benefits to assist in their mortgage lending business.

The alliance offers ABA member banks access to a special set of secondary market advantages including loan origination tools, customized training, and portfolio management services.

“We are pleased to announce the renewal of our Freddie Mac alliance,” said William Kroll, executive vice president of ABA’s Corporation for American Banking. “Through our partnership with Freddie Mac, our members have access to solutions that improve the origination process, enhance servicing, and energize portfolio management and investment strategies.”

“For more than a decade, our alliance with ABA has helped its members create more opportunities for borrowers and realize new possibilities for their businesses,” said Christina K. Boyle, vice president, head of single-family sales and relationship management at Freddie Mac. “We take special pride in our relationship with ABA and look forward to continuing to provide their member banks with support in today’s emerging and growing purchase market.”

The Freddie Mac/ABA alliance offers member banks reduced service fees from third-party vendors and other price benefits, compliance software, and cash sale advantages on a variety of Freddie Mac fixed-rate mortgage products. Participants can obtain Mortgagebot at a reduced cost and utilize the online originating software to directly access Loan Prospector, Freddie Mac’s automated underwriting service.

(Source - ABA News Release)  

 

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