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Freddie Mac adds paystub analysis to automated income assessment tool

Freddie Mac on Tuesday announced enhancements to its automated income assessment tool—already used for direct deposits—to also include the borrower’s digital paystub data.

The government sponsored enterprise said lenders can calculate income faster and more precisely, improving loan quality, simplifying the mortgage process and expanding access to credit.

The ability to include paystub data and direct deposit data in the income assessment is available through Freddie’s Loan Product Advisor asset and income modeler (AIM).

“Over the last year, we’ve consistently rolled out innovations to ensure our digital tools details ⇒

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