Page 49 - The GSE Report March-April 2018

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This summer, LoanBeam’s technology will be integrated with Freddie Mac Loan Product Advisor® .The technology is expected provide significant operational efficiency for lenders, by providing automated interpretations and calculations based on the income on tax returns supplied by the self- employed borrower, in alignment with Freddie Mac’s guidelines.
“In the current competitive purchase market, lenders who better serve the expanding self-employed borrower market will have a competitive advantage and be able to grow their businesses,” said Dave Lowman, EVP of Freddie Mac’s Single-Family Business. “Our partnership with LoanBeam is another example of how Freddie Mac is reimagining the mortgage experience to meet the needs
of the growing self-employed community. We are helping qualified borrowers on the leading edge of the changing workforce realize their dream of homeownership by focusing on how to enable our clients to do more business in a more efficient manner.” (Press Release, Freddie Mac, 03/20/18)
Christopher E. Herbert is elected to Freddie Mac’s board of directors
Christopher E. Herbert, 57, was elected as to serve on Freddie Mac’s board of directors.
Herbert has extensive experience relating to housing policy and urban development. Since January 2015, he has served as the Managing Director for Harvard University’s Joint Center for Housing Studies and a lecturer in Urban Planning and Design at the Harvard Graduate School of Design. Prior to his appointment as Managing Director, Herbert served as Research Director from 2010-2014 and Research Analyst from 1993-1997. From 1997 to 2010, Mr. Herbert was a senior associate at Abt Associates, Inc.
Herbert currently serves on the Board of Directors of the Homeownership Preservation Foundation, is a Trustee of Greenpath Financial Wellness, and is a member of the Advisory Board of the Milken Institute Center for the Future of Aging and the Advisory Council for the Center for Responsible Lending, In addition, he and is a fellow at the University of Wisconsin-Madison’s Center for Financial Security and is a former member of the Federal Reserve Bank of Boston’s Community Development Research Advisory Council.
“We are very pleased that Chris is joining the Freddie Mac Board,” said Christopher S. Lynch, Freddie Mac’s non-executive chairman. “His deep understanding of housing issues and policy will help the Board advance Freddie Mac’s mission to support the stability of the housing market and promote housing affordability.” (Press Release, Freddie Mac, 04/03/18)
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