For Immediate Release
June 19, 2014
ABA Media Contact: John Hall       
(202) 663-5473

Email: jhall@aba.com
Follow us on Twitter: @ABABankingNews

ABA Renews Freddie Mac Alliance to Help Banks Compete in Mortgage Market

​WASHINGTON — The American Bankers Association – through its Corporation for American Banking subsidiary – has renewed its Freddie Mac alliance to provide ABA members with endorsed solutions which provide exclusive benefits to assist in their mortgage lending business.

The alliance offers ABA member banks access to a special set of secondary market advantages including loan origination tools, customized training, and portfolio management services.

“We are pleased to announce the renewal of our Freddie Mac alliance,” said William Kroll, executive vice president of ABA’s Corporation for American Banking. “Through our partnership with Freddie Mac, our members have access to solutions that improve the origination process, enhance servicing, and energize portfolio management and investment strategies.”

“For more than a decade, our alliance with ABA has helped its members create more opportunities for borrowers and realize new possibilities for their businesses,” said Christina K. Boyle, vice president, head of single-family sales and relationship management at Freddie Mac. “We take   special pride in our relationship with ABA and look forward to continuing to provide their member banks with support in today’s emerging and growing purchase market.”

The Freddie Mac/ABA alliance offers member banks reduced service fees from third-party vendors and other price benefits, compliance software, and cash sale advantages on a variety of Freddie Mac fixed-rate mortgage products. Participants can obtain Mortgagebot at a reduced cost and utilize the online originating software to directly access Loan Prospector, Freddie Mac’s automated underwriting service. For more information on the ABA/Freddie Mac alliance, call 1-800-BANKERS or visit http://www.aba.com/Products/Endorsed/Pages/FreddieMac.aspx.

About American Bankers Association
The American Bankers Association is the voice of the nation’s $14 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $11 trillion in deposits and extend nearly $8 trillion in loans. Learn more at aba.com.
 
About Corporation for American Banking
ABA endorsed solutions help banks make money, save money, diversify income and improve efficiency. Backed by our comprehensive due-diligence process, these select solutions are analyzed by industry experts, field-tested by bankers and meet stringent quality and customer-service standards. From compliance and insurance to payments and mortgage lending, you’ll find products and services to enhance your bank’s bottom line. Learn more at aba.com/endorsed.
 
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