What underwriting program(s) does FHLMC use?

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Multiple Choice

What underwriting program(s) does FHLMC use?

Explanation:
Freddie Mac uses its own automated underwriting system to assess loan risk, called Loan Prospector. Lenders input borrower and property details, and LP provides an underwriting decision to help determine eligibility and pricing for Freddie Mac loans. Desktop Underwriter and Desktop Originator are associated with Fannie Mae, not Freddie Mac, so they aren’t used for Freddie Mac submissions. That’s why Loan Prospector is the correct choice.

Freddie Mac uses its own automated underwriting system to assess loan risk, called Loan Prospector. Lenders input borrower and property details, and LP provides an underwriting decision to help determine eligibility and pricing for Freddie Mac loans. Desktop Underwriter and Desktop Originator are associated with Fannie Mae, not Freddie Mac, so they aren’t used for Freddie Mac submissions. That’s why Loan Prospector is the correct choice.

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