Freddie Mac is reporting strong demand among lenders for its automated loan underwriting service since the Department of Housing and Urban Development approved its use for FHA loans nine weeks ago.

Freddie Mac said last week that its Loan Prospector system was being used to process more than 1,000 FHA loans per week. Since March 3, Freddie Mac said, 108 lenders have signed up for the service, bringing to 236 the number of users.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.