Freddie Mac Income Calculator: Quickly and confidently calculate borrower income

HousingWire

Calculate borrower income quickly and confidently by reducing risk, saving time, and providing more accurate underwriting.   Accurate, consistent results  Free, no credentials required  Supports W-2 and self-employed income  Works before or with LPA  Designed to save underwriting hours, lower defect risk, and strengthen decision-making with guided data entry, multi-borrower support, and insight into rep & warrant relief eligibility.   #FreddieMac #IncomeCalculator #MortgageLending #LoanOrigination

Transcript

00:00Calculating borrower income is one of the most critical steps in the origination process.

00:07Whether for W-2 borrowers with straightforward pay stubs, self-employed borrowers, or borrowers

00:13with multiple income streams, lenders know that income accuracy is essential.

00:18That's where the Freddie Mac Income Calculator comes in, a free online tool designed to help

00:23lenders calculate borrower income quickly, accurately, and with greater confidence.

00:27The Income Calculator is for mortgage professionals and requires no special credentials or integrations

00:33and can be used either prior to or alongside a loan product advisor submission.

00:39The rising costs to originate loans continues to put pressure on lenders.

00:43Every minute spent on manual processes and every error that needs correction adds up.

00:49This tool gives lenders an easier way to calculate income and streamline a step that has traditionally

00:55been time-consuming.

00:56Whether a large institution with advanced technology or a smaller shop with leaner resources,

01:02the Income Calculator offers the same level of accuracy and flexibility.

01:07What's unique about this tool is its ability to provide representation and warranty relief

01:12eligibility and its compatibility with Loan Product Advisor, or LPA.

01:17Lenders not only save time, but also gain the certainty that their loans are being underwritten

01:22on a solid foundation.

01:23By supporting a variety of income types and documentation, including W-2s, pay stubs, tax returns, and

01:30transcripts, the calculator broadens reach and ensures that more borrowers can be served consistently

01:36and effectively.

01:38The FridayMac Income Calculator is a step towards a greater certainty in the lending process, helping

01:44lenders make faster, smarter decisions.

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