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Freddie Mac adds tools to Loan Advisor Suite

Freddie Macsaid March 31 that it is adding new tools and capabilities to its Loan Advisor Suite.

The new tools, Loan Closing Advisor, Loan Product Advisor andBusiness Intelligence, add to the previously announced Loan Collateral Advisor.

Loan Closing Advisor is designed to evaluate each loan's closingdata for alignment with the Uniform Closing Dataset. Business Intelligence pullsdata from Loan Advisor Suite applications into a snapshot that lenders can use tomonitor transaction data.

Loan Product Advisor, the next generation of Loan Prospector,features a feedback certificate that shows a loan's status and potential for earlierrepresentation and warranty relief. Freddie Mac plans additional functionality forLoan Product Advisor later this year.

Loan Advisor Suite is expected to begin a phased rollout thissummer.