FiTech Systems Lending Division, Greensboro, North Carolina, and Freddie Mac have teamed up in an effort to further streamline the loan origination process.The companies made the announcement at the MBA's 85th annual convention in Chicago. Under the initiative, FiTech's loan origination system will be interfaced to Freddie's Loan Prospector and the companies will share and develop several technologies, such as workflow automation. "The ultimate goal," according to Bob Ryan, Freddie Mac's vice president of marketing, "is to make the entire lending process easier and less obtrusive for the borrower." Freddie Mac's Internet address is http://www.freddiemac.com.
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