Resitrader Inc., which operates an online exchange for whole loan trading in the secondary mortgage market, has completed connectivity of its digital pricing and commitment platform with Freddie Mac. The streamlined interface with Freddie Mac enables participants to quickly and efficiently obtain loan-level pricing on freddie mac-eligible loans, including the full array of loan characteristics
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"Additionally, I am able to commit all loans with Freddie Mac efficiently and accurately without ever having to leave the Resitrader system." Now that Freddie Mac’s Loan Selling Advisor SM has been integrated with Optimal Blue’s Resitrader, the company has turned its attention toward leveraging this automation with the other solutions.
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Resitrader Now Integrated with Freddie Mac – MortgageOrb All major loan types are being traded on Resitrader and all major loan buyers are now using the platform, which provides deep integration for loan origination software, hedging advisors and both Fannie Mae and Freddie Mac for pricing, specified pool pay-ups and commitments.
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Resitrader’s platform works by creating a trade ticket for every trade between sellers and buyers, as well as Fannie Mae and Freddie Mac.. LendingQB’s users can import various data points across.
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The new guidelines, which go into effect Nov. 1, will permit homeowners with a Fannie Mae or Freddie Mac mortgages to sell their home in a short sale if they are current on their mortgage or if they.