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Price War: Freddie Mac will stop charging lenders to use its automated underwriting system, prompting lenders to wonder if Fannie Mae will follow suit.
In a sign that the GSEs may once again be trying to compete with each other, Freddie Mac will no longer charge lenders to use its Loan Prospector automated underwriting system.
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Hogan Copeland II (left) is chairman of Smithfield & Wainwright. Dr. David Macpherson is the chief economist at Smithfield & Wainwright.
Technology that takes into account the sales, cost and income approaches to property valuations is a more comprehensive method of risk assessment and can help detect pricing bubbles before they wreak havoc on the mortgage and real estate industries.
Learn how the some of the industry's most successful loan originators get it done with these tricks of the trade from the 2015 Top Producers rankings' top 12 loan officers of the South.
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