ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
ADVERTISEMENT
Home Mortgage – Sponsored Content

Improve Your Loan Production, Lower Costs and Reduce Risk

August 1, 2016
Reading Time: 2 mins read
Improve Your Loan Production, Lower Costs and Reduce Risk

Sponsored Content Presented by Freddie Mac

Since the 2008 housing crisis, the cost of originating a loan has more than doubled. Recent data reports that origination costs rose from an average of $3,685 per loan in 2009 to $7,747 by the end of 2015.

In the first quarter of this year alone, costs rose $667 per loan.

Reasons for the cost increases include new regulatory compliance requirements and the addition of numerous manual checklist processes to avoid future repurchase risk.

This summer, Freddie Mac is introducing Loan Advisor Suite, its new end-to-end technology solution designed with lenders for lenders to help to lower cost, improve efficiency, reduce risk, and provide greater certainty during the loan production process.

Loan Advisor Suite will help lenders deliver high-quality loans and acquire earlier insight into their eligibility for representation and warranty relief.

“We took our time developing this technology, and partnered with our lenders,” says Chris Boyle, senior vice president at Freddie Mac. “Their objectives were our objectives: greater certainty, usability, reliability, and efficiency. We used thousands of their suggestions to ensure that Loan Advisor Suite will meet or exceed the demands of the people who are personally responsible for manufacturing high-quality loans.”

Loan Advisor Suite is designed to be easy-to-use and intuitive. Screens are clean and uncluttered. Tool icons are intuitive and logically organized. Lenders can access all of Freddie Mac’s loan production applications and all of their loan data through a single sign-on portal and/or their loan origination system. Lenders simply leverage the right tool as different sets of data arrive at the appropriate points in the origination process.

FreddieMac_LAS-Process-Flow-graphic_1024x576

The Suite adds several game-changing solutions to Freddie Mac’s current roster of lender tools and applications: Loan Collateral AdvisorSM, Loan Product AdvisorSM, Loan Closing AdvisorSM, and Business Intelligence. In addition, Freddie Mac is greatly enhancing Loan Quality Advisor, Loan Coverage Advisor and our Selling System.

Loan Product Advisor is the next generation of Loan Prospector and the cornerstone of the Suite. Lenders, for example, will see major changes in the feedback certificate. “The Feedback Certificate has been completely redesigned and feedback messages are easy to understand, actionable and loan specific,” explains Boyle. “Lenders will see at a glance everything they need to know about a loan.”

“Perhaps the most innovative new capability is Business Intelligence,” adds Boyle. “After signing on to Loan Advisor Suite, lenders can use Business Intelligence to monitor their transaction data, at the loan or summary level, for one tool or the entire Suite. All the data from the different tools a lender uses is pulled into a simple snapshot designed to make pipeline reporting, peer comparisons, and trend analysis easier.”

Loan Advisor Suite brings all of its different pieces together in a revolutionary way. It’s a simpler, better way to do business.

Learn more today

 

ADVERTISEMENT
ShareTweetPin

Related Posts

Survey: Customers see little difference between mortgage lenders

OCC releases mortgage performance report for Q1 2025

Economy
June 20, 2025

The OCC released the first quarter 2025 mortgage metrics report, which showed that 97.6% of first-lien mortgages in the federal banking system were current and performing at the end of the quarter.

FTC sues to block merger of mortgage lender tech providers

FHA extends deadline for lenders to report cybersecurity incidents

Compliance and Risk
December 3, 2024

FHA announced that approved lenders will have 36 hours to report a cybersecurity incident to HUD instead of 12 hours, as was originally proposed.

How Instant Title Can Improve the Customer Experience You Provide

How Instant Title Can Improve the Customer Experience You Provide

Mortgage – Sponsored Content
October 1, 2021

SPONSORED CONTENT BY SERVICELINK The emergence of new and varied lenders over the past several years has driven competition in the mortgage market to new heights. And while, since the second quarter of 2020, there has continued to...

NEWSBYTES

ABA offers fixes for small-business lending data collection rule

July 18, 2025

ABA DataBank: Retail sales rebounded in June

July 18, 2025

CFPB to keep notification procedures for state enforcement of consumer law

July 18, 2025

SPONSORED CONTENT

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

Navigating Disruption in Ag Lending – Why Tariffs Are Just the Tip of the Iceberg

July 1, 2025
AI Compliance and Regulation: What Financial Institutions Need to Know

Unlocking Deposit Growth: How Financial Institutions Can Activate Data for Precision Cross-Sell

June 1, 2025
Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

Choosing the Right Account Opening Platform: 10 Key Considerations for Long-Term Success

April 25, 2025
Outsourcing: Getting to Go/No-Go

Outsourcing: Getting to Go/No-Go

April 5, 2025

PODCASTS

The future of careers in risk and compliance

July 17, 2025

Breaking down the bank-related provisions in the big budget bill

July 10, 2025

Podcast: Inside ABA’s new Treasury Check Verification System API

June 25, 2025
ADVERTISEMENT

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2025 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2025 American Bankers Association. All rights reserved.