Overview
- Lenders are being onboarded in phases, with full availability to all approved sellers expected by year-end 2025.
- The platform consolidates separate QC systems and adds real-time alerts for missing documents, bulk uploads of up to 250 files, status tracking, multi-report access and standardized messaging.
- More than 500 lenders in a performing-loan repurchase alternative pilot are included in the rollout, with participants collectively saving millions of dollars.
- Freddie Mac says pilot participants recorded a 26% lower non-acceptable quality rate compared with nonparticipants.
- Targeting income-related defects, a new income calculator has drawn more than 1,000 lender users and over 15,000 submissions, as repurchase requests decline 56% from their 2023 peak.