Freddie Mac's automated underwriting system, Loan Prospector, is now available to lenders through Republic Mortgage Insurance Corp.'s contract underwriting service, the companies announced.

Freddie Mac said the agreement with Republic would enable lenders to expand the use of Loan Prospector by third parties. Tests of Loan Prospector on a trial basis will be available through Republic, the announcement said.

Peter Maselli, vice president of automated underwriting at Freddie Mac, formally the Federal Home Loan Mortgage Corp., said the link with the mortgage insurer was a first "and suggests many other opportunities exist to make Loan Prospector even more accessible."

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