Key FeaturesLoan Prospector Offers Flexibilities That Make it Easier for You to Do Business
We're continually updating Loan Prospector® with new enhancements to complement the way you work, providing you with the options and solutions you need to meet more of your business needs.
Home Value Explorer Point Value Estimate Results
To help you review appraisal results early in the origination process Loan Prospector provides a point value estimate for the property address from Home Value Explorer® (HVE®), Freddie Mac's automated valuation model.
Reorder Credit Service
Loan Prospector's Reorder Credit Service is an optional service, that allows you to request fresh credit infiles or merged credit to be used in Loan Prospector for its assessment within an existing loan transaction.
Free Loan Prospector® Conventional/Conforming Loan Prospector Submissions
With free Loan Prospector Caution submissions, you have more reasons for assessing all of your borrowers up-front using Loan Prospector, including those with weak credit histories, low- and moderate-income and underserved borrowers.
Low Documentation Requirements
Loan Prospector offers two standard, easy-to-learn documentation classes, that means you collect only the information you need from your borrowers, saving time and money. And if you're using LoanProspector.com, it gets even easier thanks to the Documentation Checklist included with your automated underwriting results.
Flexible Merged Credit Report Options
Our flexible merged credit report options allow you to easily and more cost-effectively access merged credit reports provided by participating credit reporting companies (CRCs) or their affiliates through Loan Prospector.
Efficient Loan Assignment Process
LoanProspector.com provides choice and flexibility to support how third-party originators (TPOs) or brokers, and wholesale lenders work together by offering greater efficiencies and improved data quality control. This feature allows brokers to submit loans for assessment before assigning to a wholesaler.
Loan Prospector provides you with a comprehensive Feedback Certificate with easy-to-locate key loan information, including your loan's purchase eligibility and delivery fee information. You'll also receive an easy-to-use Documentation Checklist that gives you an at-a-glance list of your loans of required documentation.
Loan Prospector's collateral feature allows you to further streamline the mortgage origination process and improve service to your borrowers. Our easy-to-use collateral feature provides streamlined appraisal options on loans eligible for sale to Freddie Mac.