The Loan Look Up API provides an easy way for Freddie Mac clients and development partners to integrate to a service that allows them to look up whether there is an existing Freddie Mac mortgage for a specific subject property.
By submitting request data that includes a borrower’s full Social Security Number (SSN) and the subject property address a search is initiated for matching records to look up whether Freddie Mac currently owns the loan or the loan was a Freddie Mac-owned loan that was paid off in the last 90 days. The service then provides a Yes/No indicator in the response and includes additional details on the matched address for Yes responses.
Loan Look Up API can help you identify when Freddie Mac owns a mortgage that is being refinanced, allowing you to take advantage of COVID-19 temporary appraisal flexibilities (exterior-only inspections) on eligible no cash-out refinance transactions.
Showcase: Build to Live in 15 Days
Recently, a Freddie Mac client was looking to take advantage of COVID-19 temporary appraisal flexibilities on no cash-out refinance transactions. They knew we were working on the Loan Look Up API and started building it in the developer portal customer test environment (CTE) before it was even available in production. The build and integration were so easy that they were able to go live in just over two weeks, almost immediately after the API was made available in production.
Single, synchronous calls
Light-weight REST web service
JSON payload
OAuth security framework
The Income Limits API provides fast, easy access to the Freddie Mac Home Possible® income limit based on a property’s location. By submitting a request using the subject property address, you can receive a response that provides a scrubbed property address, area median income information and the Home Possible income limit.
More quickly identify loan product options for your borrower
The Income Limits API can help your loan officers more quickly make preliminary determinations about whether a borrower can qualify for a Home Possible mortgage based on the borrower’s qualifying income.
Light-weight REST webservice
JSON payload
Single, synchronous call
OAuth security framework
Geographic identifiers
The Resolve Retention API is a quicker, more efficient solution for submitting modification workouts to Freddie Mac, leveraging ResolveSM - the new default management tool. Flex Modifications and Payment Deferrals can be submitted through the Resolve Retention API.
Resolve Retention API provides a way for Freddie Mac clients to integrate to a service that allows them to determine Flex Modification and Payment Deferral eligibility for their borrowers seeking mortgage relief. Simply leverage the API to send single or bulk loan requests. Resolve Retention API returns a near real-time eligibility decision for each loan submitted. It facilitates faster end-to-end case management and provides direct confirmation from Freddie Mac of an appropriate decision given the borrower's situation.
When you connect directly to Freddie Mac decisioning, you eliminate the need for data entry through Workout Prospector®. Additional workout products will be available overtime.
Resolve Retention API helps you determine if your borrowers with hardships are eligible for a Flex Modification or Payment Deferrals. You’ll be able to respond to borrowers faster with a decision and clear rationale to speed up mortgage relief resolution.
