Industry News

Bankers association, Freddie Mac partner

MoneyLine aims to help banks serve more home buyers

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Freddie Mac and the American Bankers Association (ABA) have added mortgage fulfillment services to their package of benefits available to ABA members. MoneyLine Lending Services, a company specializing in private-label mortgage fulfillment services, is now part of the ABA/Freddie Mac Alliance offerings available to ABA members to help them develop and enhance their mortgage capabilities. Through the alliance, MoneyLine offers a complete mortgage fulfillment program, including borrower consultation, processing, underwriting, funding and secondary market capabilities. MoneyLine also offers a partial fulfillment program that aims to streamline ABA members' post-application operations. "This turn-key service is perfect for banks that may not focus on mortgage lending, yet want to offer the service to their customers," said ABA President Don Ogilvie. "This arrangement is one more way we can help our members provide a full range of mortgage products and serve more potential home buyers." ...