Growing Demand for e-Mortgages that Freddy Mac is Ready For

There is an increased need for e-Mortgages. In 2019, e-Mortgage origination volume for Freddie Mac increased by more than 1,000 percent compared to the previous year. “The trend continues in 2020, with an increase in the demand from lenders, as they recognize e-Mortgages as a solution to help with the current crisis as well as help improve their operational efficiencies,” Mr Penugonda added.

 “Freddie Mac is ready to meet this demand. If a lender is ready with e-Mortgage systems, our approval process takes less than a week.”