Loan Product Advisor® asset and income modeler (AIM) transforms the manual, document-heavy
process into three simple steps. Boost efficiency, close faster and serve your borrowers better.
How Ace Works – In 3 Timesaving Steps
2
The ACE models use data to determine the acceptability of the value and assess the condition and marketability risks.
Control over the Process & Data
OPTION 2
1
3
The results are returned on the Feedback Certificate.
Use Loan Product Advisor
Determine Eligibility
It's time to know more
-Bob Smith, CEO
To be eligible for ACE, submit the loan to Loan Product Advisor
and deliver it to Loan Selling Advisor.
After: Impress borrowers and realtors with reduced cycle times.
Additional Information
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Additional Information
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Additional Information
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Additional Information
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To take advantage of ACE appraisal waivers you need to check eligibility requirements and submit your loans to Loan Product Advisor prior to getting an appraisal.
To save time and money with ACE you need to:
MAIN TAKEAWAY
Additional details.
- Bob Smith, CEO
Additional details.
- Bob Smith, CEO
Quote.”
"
MAIN TAKEAWAY
Use Loan Product Advisor
Determine Eligibility
Tab 4
what you need to know and do
OPTION 3
Specify the Value
Submit the transaction
to Loan Product Advisor.
The feedback certificate tells you if a loan is eligible.
Submit all of your loans to Loan Product Advisor before you order an appraisal.
Specify the Value
Originate Freddie Mac-Eligible Loans – Without an Appraisal
Buying or selling a home can be difficult – especially in a tumultuous climate. As emerging challenges impact in-person appraisals, automated collateral evaluation (ACE) can help. Have five minutes? We’ll show you how.
You’re here to learn how to improve efficiencies and drive more mortgage deals. Have five minutes? We’ll show you how.
Talk to your clients
Quote.”
"
+ succeed
+ act
+ Transform
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Additional details.
- Bob Smith, CEO
Quote.”
"
How Are Other Lenders Impressing Borrowers and Real Estate Agents While Saving Time and Money With ACE?
Talk to your clients
Don’t provide an appraised value.
Once an appraisal is obtained, the loan is no longer eligible for ACE.
Check the Seller/Servicer Guide for eligibility requirements.
Once submitted, the ACE models use powerful data to assess the eligibility and determine risk.
If risk is acceptable, the loan is eligible for collateral rep and warranty relief with appraisal waiver.
Lenders using ACE can save 12-14 days, or more without a traditional appraisal.
Close
Faster
After: Save borrowers money by eliminating the appraisal fee on Freddie Mac-eligible loans.
ACE can help you save your borrowers $300- $700 or more in appraisal fees.
Immediate Certainty
After: All loans that are eligible for ACE appraisal waivers receive collateral rep and warranty relief.
Simplify appraisal underwriting and get the peace of mind that comes with rep and warranty relief.
Not having to get an appraisal can lower the frustration quotient by alleviating anxiety – for both the borrower and for us. When there are issues around collateral, we can incur real losses. It’s a comfort knowing Freddie Mac is offering ACE and waiving an appraisal based on loads of data and its models.
Nick Florez
President,
Cardinal Financial Company
Appraisals can take a lot of time and cost borrowers hundreds of dollars. With ACE, we love being able to tell a customer, 'We can do this loan without an appraisal, and save you time and money.' And if they still want an appraisal, they can request one, but the loan isn't dependent on it.
Tammy Richards
COO, loanDepot
Appraisals can be a real pain point in the origination process. ACE can save borrowers $500 or more by eliminating the appraisal fee on Freddie Mac-eligible loans. It's a chance to wow both borrowers and realtors alike with reduced cycle times and cost savings.
Keith Jones
VP, Credit Policy and Investor Relations New Rez
Loan Product Advisor asset and income modeler (AIM) helps me get my borrowers to closing faster and makes my job easier – it’s convenient and easy to use.
Ben Burnett
Loan Processor
WEI Mortgage
+ understand
Close Faster
Greater Control Over the Process & Data
Immediate certainty
Training tips
Save
Money
+ LEARNING
Save
Money
Save
Money
You’re here to learn how to improve efficiencies and drive more mortgage deals. Have five minutes? We’ll show you how.
Buying or selling a home can be difficult – especially in a tumultuous climate. As emerging challenges impact in-person appraisals, automated collateral evaluation (ACE) can help. Have five minutes? We’ll show you how.
Originate Eligible Loans – Without an appraisal
ACE leverages proprietary models, along with historical data and public records –
helping you underwrite certain loans without an appraisal.
ACE: A Simpler Way to
Originate Loans
Before: Traditional appraisals can cost borrowers hundreds of dollars
Before: The process is manual
and time-consuming
+ LEARNING
+ SUCCEED
+ ACT
+ UNDERSTAND
+ TRANSFORM
Before: Some appraisals submitted to UCDP receive collateral rep and warranty relief and some don’t.
Input the estimated value or purchase price
Additional details.
- Bob Smith, CEO
Quote.”
"
MAIN TAKEAWAY
Use Loan Product Advisor
Talk to Your Clients
Tab 4
Use Loan Product Advisor
Talk to your clients
Data
Intelligent Automation
Work Smarter / Reduce Costs / Improve Efficiency / Deliver a Better Borrower Experience
Update Your Process
Talk to your clients
Reduce the information needed up front
Reduce the back-and-forth with borrowers and underwriters
Reduce the wait time with borrowers
Talk to Your Clients
It’s just like logging into your bank account
It’s safer than email, fax or printed documents
Have conversations with borrowers about the benefits and security of gathering important information and logins up-front:
what you need to know and do
Risk management is vital to your business. In order to reduce risk, meet customer needs, and drive referrals, you have to embrace new, more efficient ways of accomplishing steps throughout the capacity assessment process.
A simpler asset and income assessment process with AIM requires you to:
It's time to know more
Training tips
Not having to get an appraisal can lower the frustration quotient by alleviating anxiety – for both the borrower and for us. When there are issues around collateral, we can incur real losses. It’s a comfort knowing Freddie Mac is offering ACE and waiving an appraisal for its loans based on loads of data and its models.
Nick Florez
President, Cardinal Financial Company
Appraisals can take a lot of time and cost borrowers hundreds of dollars. With ACE, we love being able to tell a customer, 'We can do this loan without an appraisal, and save you time and money.' And if they still want an appraisal, they can request one, but the loan isn't dependent on it.
Tammy Richards
COO, loanDepot
Appraisals can be a real pain point in the origination process. ACE can save borrowers $500 or more by eliminating the appraisal fee on Freddie Mac-eligible loans. It's a chance to wow both borrowers and realtors alike with reduced cycle times and cost savings.
Keith Jones
VP, Credit Policy and Investor Relations New Rez
How Are Other Lenders Managing Risk, Saving Time and Driving More Deals
with AIM?
You receive assessment results.
3
Loan Product Advisor retrieves the report and assesses rep
and warranty eligibility.
2
Help your borrower access the verification service through a designated provider.
1
How AIM Works –
In 3 Timesaving Steps
You’re here to learn how to improve efficiencies and drive more mortgage deals. Have five minutes? We’ll show you how.
Borrower finances are more complex than ever – requiring a streamlined, more digital process. Learn how to improve efficiencies, manage risk and close faster. Have five minutes? We’ll show you how.
Close Faster –
With Less Paperwork
expand your business
Control over the Process & Data
Control the Process & Manage Risk
Reduce Cycle Time
Loan Product Advisor® asset and income modeler (AIM) transforms the manual, document-heavy process into three simple steps. Boost efficiency, close faster and meet your borrowers’ unique needs.
AIM: A Simpler Way to Assess
Borrower Assets and Income
Before: Requests for additional documentation = borrower headaches.
After: A more efficient lending process delights your borrower and expands your reach and can boost referrals.
With 32% of eligible loans receiving immediate R&W relief, you’re free to serve your next client.
expand your business
Before: The process is document-heavy (and not always secure).
After: Desks are clutter-free and borrower data is secure and easy-to-find.
Automation reduces errors that a manual process can introduce and helps you manage risk.
Control the Process & Manage Risk
Before: The process is manual and time-consuming.
After: An automated process means you close faster.
On average, lenders using AIM can reduce cycle times by 8.73 days.
Reduce Cycle Time
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+ LEARNING
+ succeed
+ act
+ understand
+ Transform
Update Your Process