SharperLending interfaces with Freddie Mac product
Bundled services platform offers underwriting via Loan Prospector
By Inman News, Tuesday, January 31, 2006.SharperLending today announced a system-to-system interface between its v3.5 bundled services platform and Loan Prospector, Freddie Mac's automated underwriting service.
The Web-based platform interface enables lenders to take a loan application, receive automated underwriting decisioning, and order needed vendor services at one location, allowing for tighter integration with loan origination systems and automated underwriting engines, as well as reduced risk for lenders, the company said.
"The SharperLending platform is designed to simplify lenders' access to specific vendor services and increase the efficiency of the lending process," said Dave Black, president of SharperLending.
The SharperLending platform allows users to order all the reports and documents needed to process and close a loan, and offers flexibility for managing multiple mortgage products and ancillary services from a variety of service providers.
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