Freddie Mac has reported that its Loan Prospector automated underwriting service evaluated its 25 millionth loan in 2002, one of some 8.2 million loans run through the system in that period.The service debuted in 1995 and has set eight consecutive volume records since that time. In 1995, the system evaluated more than 38,000 loans. In 2001 it reached the 10 million mark, and 18 months later, in June of last year, it reached the 20 million mark, the government-sponsored enterprise said. The 25 millionth loan was evaluated on Dec. 18. Freddie’s website address is http://www.freddiemac.com.
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