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Lending, Mortgage

Global Newswire: Freddie Mac announces first automated assessment of direct deposit income

Freddie Mac announced today the company will launch a new, automated capability that allows mortgage lenders to assess a prospective homebuyer’s income paid through direct deposit. This solution is available to mortgage lenders through Freddie Mac’s Loan Product Advisor® (LPASM) asset and income modeler (AIM). Finicity is one of the service providers for this product, helping to create a more streamlined solution for lenders and borrowers alike.

Read Press Release.