Freddie Mac today introduced Quality Control Advisor Plus, a next‑generation automation platform that consolidates its former separate quality‑control tools into a single interface. The system automates the review and remedy workflow, delivers real‑time alerts for missing documents, and is already in a phased pilot with more than 500 lenders. Management plans to make the technology available to all lenders by the end of the year, expanding Freddie Mac’s reach across the secondary mortgage market.
The pilot has produced striking results. Participating lenders experienced a 26 % lower non‑acceptable quality rate compared with lenders not in the pilot, and repurchase requests fell 56 % from the 2023 peak. The savings from avoided repurchases are reported in the millions, underscoring the platform’s cost‑reducing power. These figures demonstrate that the new workflow not only speeds up the QC cycle but also materially improves loan quality, directly addressing Freddie Mac’s core mission of providing liquidity, stability, and affordability.
By cutting months off the current QC cycle, Quality Control Advisor Plus reduces the time lenders spend on manual reviews, lowers operational costs, and diminishes the risk of costly repurchases. The automation of remedy letters and real‑time document alerts means lenders can correct deficiencies before the loan is sold, tightening the quality of the inventory Freddie Mac purchases and protecting the GSE’s balance sheet. The resulting efficiency gains translate into lower costs for lenders, which can be passed on to borrowers through more competitive mortgage terms.
Sonu Mittal, EVP and head of Single‑Family Acquisitions, said the platform “cuts months off the current QC process and delivers considerable efficiencies for lenders.” He added that the technology is a key component of Freddie Mac’s broader strategy to embed data‑driven tools into the loan‑origination pipeline, reinforcing the organization’s commitment to innovation and risk management.
The new platform complements Freddie Mac’s existing Income Calculator, which has already helped over 1,000 lenders process more than 15,000 submissions. Together, the tools provide a comprehensive suite that improves underwriting accuracy, reduces loan defects, and supports Freddie Mac’s goal of promoting housing affordability and stability across the United States.
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