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DISTRICT OF COLUMBIA
Assessing Assets
Blend recently announced it has joined forces with Freddie Mac
to provide automated asset assessment through the entity's Loan
Product Advisor asset and income modeler (AIM) solution. rough
this relationship, any Blend mortgage where a borrower successfully
connects to their financial institution in the application process
is eligible for automatic assessment of assets through AIM. is
functionality is available for all Blend customers who are Freddie Mac-
approved sellers.
"We're honored that Freddie Mac chose Blend as an early partner
to support AIM for assets," said Brian Martin, head of business
development and partnerships at Blend. "ese relationships
underscore our commitment to working with industry leaders to
rethink the mortgage process and streamline the entire home purchase
journey for lenders and consumers."
"Providing Freddie Mac clients with tools that create a faster,
more meaningful experience for all parties involved in the mortgage
transaction is key to their business success,'' said Rick Lang, VP, Loan
Advisor integration strategy for the Single-Family business at Freddie
Mac. "rough our partnership with Blend, we are now able to provide
our mutual clients access to our evolving suite of asset and income
assessment offerings."
"We've already started to see the benefits of digitizing our mortgage
workflows, and are thrilled to see our partners at Blend continuing
to innovate together with important industry stakeholders," said
Susan Stewart, CEO of SWBC Mortgage. "Blend and Freddie
Mac partnering to offer this new digitized service is an important
advancement in helping us provide faster and easier mortgages to our
customers, and we look forward to continuing on our journey together."
