LoanBeam, a provider of automated income calculations from digital tax return data, that their technology was integrated with Freddie Mac's automated underwriting system. Loan Product Advisor's asset and income modeler for self-employed borrowers, along with LoanBeam's platform, can speed the loan-origination process for them.

"In today's competitive housing market, lenders rely on technology to help them stay competitive," said Sri Gajjala, chief product officer at LoanBeam. "We are proud that our fully integrated solution can help expedite the loan closing process."

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In 2018, Freddie Mac introduced automated income capabilities, including LoanBeam's Qualified Income Calculator. LoanBeam's technology works seamlessly with Loan Product Advisor AIM for self-employed to promote automation, accuracy and consistency in the complex process of assessing income for self-employed borrowers during the underwriting process.

"Technology is advancing the housing industry in ways that can help all borrowers," said Rick Lang, vice president of loan advisor strategy and integration at Freddie Mac. "Our partnership with LoanBeam keeps Freddie Mac on the cutting edge of providing innovative solutions and the best service to lenders in the industry."