MBA, Freddie Mac Partner to Provide New MBA Member Benefits
SAN DIEGO–The Mortgage Bankers Association and Freddie Mac announced an alliance to offer MBA members a series of unique benefits and solutions designed to add value in today’s market.
Through this partnership, eligible MBA members can gain access to special mortgage product flexibilities and enhanced training benefits.
“MBA is proud to be partnering with Freddie Mac in order to offer new benefits and services to our member companies,” said MBA President and CEO David Stevens, CMB. “We believe this will create cost savings for them and give them access to first-rate opportunities as a direct result.”
Key elements of the partnership:
–The Freddie Mac/MBA alliance will provide MBA members with dedicated Freddie Mac support, along with special product flexibilities and community outreach opportunities to help members reach more qualified homebuyers and reduce their bottom lines.
–Additional benefits include access and discounts to Freddie Mac’s expansive educational and training courses, including MBA-member only webinars on an array of topics most relevant to members in the changing market.
–Freddie Mac also offers a variety of tools and capabilities to support MBA members in the origination process, including Loan Prospector and Loan Quality Advisor.
–With the alliance, MBA members will now be eligible to become a Freddie Mac Seller/Servicer at a reduced application rate and with dedicated support through the application process.
“Today’s announcement is the start of a promising new chapter in our long relationship with the MBA,” said David Lowman, Freddie Mac executive vice president of the Single-Family Division. “This partnership will create an extraordinary opportunity for Freddie Mac to engage MBA’s members in ways that benefit their businesses and strengthen the housing finance system.”
Additional alliance details will be available on www.freddiemac.com and www.mba.org.
The announcement took place here at the MBA 102nd Annual Convention and Expo.
