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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.
VidVerify, a new company started by a co-founder of Lenders One, produces online videos that educate borrowers on the milestones of the mortgage process, while helping lenders ensure regulatory compliance.
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