Skip to main content

Lodasoft Introduces Single-Click Dual AUS Submissions For Freddie And Fannie

Navi Persaud
Feb 24, 2021
Lodasoft logo

Lodasoft is now offering single-click submissions of loan data to both Freddie Mac and Fannie Mae’s automated underwriting systems, in hopes to deliver greater transactional ease and operational efficiency, according to a press release.

Mortgage lenders who leverage Lodasoft's mortgage technology solutions will now have the ability to run an application through both systems, with a single click, to quickly identify the best option for the borrower upfront. The dual-AUS submission and review process will also allow lenders to maximize loan fungibility in the secondary market and improve loan quality through automation.

"These solutions help lenders who have committed significant investment provide borrowers with an even better end-to-end digital experience," said David Fulford, Freddie Mac Single-Family vice president of Lender Strategy and Integration.

According to Lodasoft, the single-click dual AUS system identifies the best product for the borrower as early as possible but can also reduce loan cycle times by days or even weeks.

"By submitting loan data via a single click to both Freddie Mac and Fannie Mae, lenders can see the full view of options available to their borrowers and ultimately deliver an improved experience. This also helps save money and allows lenders to close loans faster," said Adam Batayeh, president of Lodasoft.

Feb 24, 2021
More from
Black Knight Integrates Servicing Digital With AVM, PPE, And Loss-Mitigation Technology

Black Knight Inc., announces the enhancement of their servicing digital solution by integrating it with loss mitigation, automated valuation model (AVM), and product, pricing, and eligibility (PPE). 

Aug 04, 2021
Localize Raises $25M In Funding And Introduces Hunter, The Human-AI Concierge Service

Localize has developed an AI-driven platform to assist buyers and brokers in solving existing pain points related to the real estate market.

Aug 04, 2021
Flagstar Bank's Christy Soukhamneut To Appear On The Mortgage Leadership Outlook

The next installment in the Mortgage Leadership Outlook's Tech Stack Heroes collaboration with BeSmartee is set to feature Christy Soukhamneut, chief of staff/director of mortgage strategic initiatives for Flagstar Bank.

Aug 02, 2021
First Tech Federal Credit Union Chooses ICE Mortgage Technology’s EPPS

First Tech Federal Credit Union has chosen ICE Mortgage Technology’s EPPS to improve automation, compliance, and scalability to meet the demands of over 720,000 members. 

Jul 29, 2021
ICE Makes Enhancements To Its Mortgage Prepayment Model

The Intercontinental Exchange, Inc. made enhancements to its mortgage prepayment model with daily residential mortgage rates from ICE Mortgage technology.

Jul 27, 2021
Liquid Mortgage Technology Supports Efficient Debt Market

Liquid Mortgage received a U.S. patent for its distributed ledger technology to support its future vision of efficient and transparent debt markets.

Jul 22, 2021