LoanProspector.com

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Freddie Mac's Loan Prospector - Your Home for More Loans

Description

Easily and directly, work with hundreds of wholesale lenders by first submitting each loan for a Loan Prospector assessment and then assigning it to the appropriate lender. Mortgage brokers can choose from almost 700 wholesale lenders.

Use LoanProspector.com whether you have retail or wholesale channels or both. You can take advantage of the latest Loan Prospector flexibilities to work more efficiently in your wholesale channel with the thousands of brokers using LoanProspector.com. Wholesale lenders have quick and easy access to over 20,000 brokers.

How Does Loan Prospector Work?

Using statistical models, credit data from the national credit repositories and the loan application data details a mortgage originator supplies, Loan Prospector assesses the "Three C's—Credit, Capacity and Collateral" and the layers of risk to assist the originator in determining a borrower's creditworthiness and the acceptability of the loan application.