The new tool lets lenders explore growth opportunities
Freddie Mac has unveiled Evaluate|Compare|Optimize (ECO), a tool that provides lending insight and comparison data to help Freddie Mac clients identify strategic market opportunities.
The GSE has partnered with MicroStrategy, an analytics and mobility software provider, to power the ECO dashboard.
With ECO, mortgage professionals can access and evaluate market data, as well as compare performance via their desktops and mobile devices. Freddie Mac said that ECO aims to help lenders enhance their borrowers’ mortgage experience.
“ECO is a powerful way for our clients to gain insight, create process efficiency and explore growth opportunities,” said Bhavini Amin, vice president of single-family, business services at Freddie Mac.
The dashboard also offers loan portfolio purchase history that includes benchmarking capabilities for purchase, risk, and servicing.
“In today’s competitive market, organizations are modernizing business processes with analytics solutions to accelerate how their constituents’ access and act on insights,” said MicroStrategy Chief Executive Officer Michael Saylor. “Freddie Mac has hit the mark by delivering timely, trusted insights with ECO, enhancing the client experience and supporting better business decisions.”
