Freddie Mac announced that it successfully launched its new MicroStrategy 2019 technology tool, which provides advanced lending insight and comparison data exclusively to loan originators who sell their loans to Freddie Mac.
Evaluate|Compare|OptimizeSM (ECO) dashboard analytics optimizes mortgage lending strategies with efficient and accurate synthetic peer information through its comprehensive evaluation tools, Freddie Mac announced on its website.
“ECO marks a historical milestone for Freddie Mac as our clients now can receive valuable mortgage market data and insight to improve and expand their lending reach,” Freddie Mac chief client officer, Single-Family Chris Boyle said in a release. “This is a significant step forward in Freddie Mac’s efforts to deliver trusted insight through the latest technology to our clients while we continue to drive an even better client experience.”
The ECO dashboard provides Freddie Mac clients with data in lending categories such as loan portfolio purchase history. Results then can be used by clients to identify strategic market opportunities, Freddie said.
“ECO is a powerful way for our clients to gain insight, create process efficiency and explore growth opportunities, “Freddie Mac Vice President, Single-Family, Business Services Bhavini Amin said.
Freddie Mac’s clients are able to use ECO’s customizable and timely data to evaluate market data and compare performance to optimize lending strategies. ECO is a web-based program that is accessible via desktop and mobile devices.
“In today’s competitive market, organizations are modernizing business processes with analytics solutions to accelerate how their constituents’ access and act on insights,” MicroStrategy Incorporated CEO Michael J. Saylor said. “Freddie Mac has hit the mark by delivering timely, trusted insights with ECO, enhancing the client experience and supporting better business decisions.”