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ABA Endorses Freddie Mac to Help Banks Compete in Mortgage Market

 

Oct 9 - The American Bankers Association – through its Corporation for American Banking subsidiary – has endorsed Freddie Mac to provide ABA members with exclusive benefits to assist in their mortgage lending activities.

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 this endorsement of Freddie Mac,” said William Kroll, executive vice president of ABA’s Corporation for American Banking. “Freddie Mac and ABA have a long history of working together to provide our members with 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, interim head of single-family sales and relationship management at Freddie Mac. “We take special pride in our relationship with ABA and look forward to working with them and their member banks to support the 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 also have access to Mortgagebot with Loan Prospector, a bank-branded website for originating mortgages with Freddie Mac's Loan Prospector automated underwriting service.

For more information on the ABA/Freddie Mac Alliance call 1-800-BANKERS or visit www.aba.com/Products/Endorsed/Pages/FreddieMac.aspx.

 

 


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