Freddie Mac says the flow of loans through its automated underwriting system has increased briskly and should account for half of its volume next year, up from 20%.

The system, called Loan Prospector, handled 100,000 loans in its first 15 months and another 100,000 in the last seven-and-a-half months. "We're seeing a steady and growing demand for Loan Prospector, which is why we've been able to double the volume in half the time," said Peter Maselli, Freddie's vice president for automated underwriting.

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