Skip to main content

LoanCraft And Freddie Mac Collaborate On Full-Service Option For Calculating Self-Employed Income

Jan 29, 2021
LoanCraft and Freddie Mac logos.
Director of Events

LoanCraft, a mortgage technology company and the creator of the LoanCraft income calculation service, announced that its service is now integrated with Freddie Mac's automated underwriting system.

According to LoanCraft, its service uses data from tax returns and other documents to provide an easy-to-use, actionable income report. With the integration of the LoanCraft service and Loan Product Advisor asset and income modeler, lenders have the assurance of income representation and warranty, according to a press release.

“Our partnership with Freddie Mac supports our vision to offer a customizable report that gives stakeholders actionable information at the beginning of the approval process,” said Ron George, president and founder of LoanCraft. “Over the past five years, we have steadily grown to support many of Freddie Mac’s customers.”

The LoanCraft service can be implemented rapidly without set up fees and extensive training requirements, according to LoanCraft. Turn times for typical files are 4 hours or less and the report is easy to use and designed to improve communication between all stakeholders in the process.

“LoanCraft’s unique approach to the challenge of calculating self-employed income has become incredibly valuable in such a dynamic business environment,” said Kevin Kauffman, Single-Family, vice president of Business Partner Integration, at Freddie Mac. “LoanCraft’s OCR model supported by their own quality control and processing teams creates the flexibility to keep pace with the constantly evolving risk landscape, while providing us with the ability to quickly deliver results back to the lender closer to the point of sale.”

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Jan 29, 2021
More from
Tech
AI And The Mortgage Revolution

Chris Burks, Head Of Growth at Zeitro, on embracing change

Jun 26, 2025
Fed Chairman Aligns More Closely With Trump Admin On Crypto

Powell said he sees ‘change in tone’ around digital assets, expects more crypto activity

Jun 26, 2025
FHFA Chief Orders Fannie And Freddie To Prepare For Crypto In Mortgage Underwriting

In sweeping declaration on social media, FHFA Director William J. Pulte says Fannie Mae and Freddie Mac must begin preparing to count cryptocurrency as an asset in mortgage underwriting

Beware The Latest ‘Long Con’ Scam

Real estate professionals of all kinds warned to beware of crypto scams exploiting ‘trust relationships’ with clients

Jun 23, 2025
ServiceLink Adds Three To Its National Sales Team In Origination Division

Chris Miller, James Lee, and Mandy Powell to help forge new lender partnerships, drive client growth

Jun 23, 2025
“Technology” is a Catch-All Word

Tech promises efficiency, but adoption, ROI, and borrower satisfaction tell a more complex story

Jun 19, 2025