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Freddie Mac Launches Loan Quality Advisor(SM) for Lenders to Flag Data, Credit Issues Before Loan Delivery

Freddie Mac Launches Loan Quality Advisor(SM) for Lenders to Flag Data, Credit 
Issues Before Loan Delivery 
New Online Tool Supports Loan Quality, Gives Lenders Greater Purchase
Certainty 
MCLEAN, VA -- (Marketwired) -- 04/30/13 --  Freddie Mac (OTCQB: FMCC)
today announced Loan Quality Advisor(SM), a new online loan tool that
gives lenders an automated way to identify credit, data and purchase
eligibility issues before they deliver loans to Freddie Mac. By
helping lenders spot and fix potential problems earlier in the loan
manufacturing process, Loan Quality Advisor can make Freddie Mac's
purchase requirements more transparent and give lenders greater
certainty in the loans they sell to Freddie Mac. Loan Quality Advisor
also gives lenders Freddie Mac's view of credit risk on mortgages
that were not originated on Loan Prospector(R), Freddie Mac's
automated underwriting service. 
Loan Quality Advisor marks the launch of Freddie Mac's new Greater
Purchase Certainty initiative to help lenders improve loan quality
while making business with Freddie Mac more efficient and transparent
for all Freddie Mac customers. 
News Quote 
Attribute to Mike Dawson, Vice President of Customer Business
Services, Freddie Mac: 
"Loan Quality Advisor gives lenders fast, transparent feedback they
can use to aid their loan manufacturing processes and take fuller
advantage of Freddie Mac's new representation and warranties
framework. By using Loan Quality Advisor, our customers can enjoy
Greater Purchase Certainty when they do business with Freddie Mac.
Giving lenders greater certainty and comprehensive support is at the
center of Freddie Mac's customer mission." 
News Facts 


 
--  Loan Quality Advisor is an online tool lenders can use to compare
    current loan file data with the data submitted to Loan Prospector to
    identify potential data quality, credit, and policy compliance issues
    that may affect purchase eligibility.
    
    
--  Loan Quality Advisor's three individual services will be phased in
    over the coming months to provide lenders with fast and transparent
    feedback. The new services are:
    
    
    --  Loan Prospector Data Compare, which tracks the consistency of loan
        delivery data with the data submitted to Loan Prospector to
        identify potential data quality, credit, and policy compliance
        issues that may affect purchase eligibility.
    --  Purchase Eligibility, which will enable lenders to flag potential
        delivery errors.
    --  Risk Assessment, which provides Freddie Mac's view of credit risk
        and related quality issues on loans that aren't originated with
        Loan Prospector.
        
        
--  Lenders will be able to use Loan Quality Advisor at any point in the
    loan manufacturing process, before or after the loan closes.
    
    
--  Registration for Loan Quality Advisor will be phased in for all
    Freddie Mac customers by mid-summer.
    
    
--  Freddie Mac created the Greater Purchase Certainty initiative to help
    Freddie Mac customers take full advantage of the company's new
    representation and warranty framework.
    
    
--  Freddie Mac's Greater Purchase Certainty initiative to provide lenders
    with greater certainty and comprehensive support when they do business
    with Freddie Mac will provide them with more detailed information
    about Freddie Mac's assessments of mortgage risk and purchase
    eligibility through new tools like Loan Quality Advisor, critical
    enhancements to Loan Prospector, as well as industry data
    standardization efforts such as the Uniform Mortgage Data Program.

  
For more information on Loan Quality Advisor and Greater Purchase
Certainty Freddie Mac customers should contact their Freddie Mac
representative or visit
http://www.freddiemac.com/singlefamily/loanqualityadvisor.html.    
Freddie Mac was established by Congress in 1970 to provide liquidity,
stability and affordability to the nation's residential mortgage
markets. Freddie Mac supports communities across the nation by
providing mortgage capital to lenders. Today Freddie Mac is making
home possible for one in four home borrowers and is one of the
largest sources of financing for multifamily housing.
www.FreddieMac.com. Twitter: @FreddieMac 
MEDIA CONTACT: 
Brad German
703-903-2645
Brad_German@FreddieMac.com