Vesta Launches Integration with Freddie Mac Loan Product Advisor®

SAN FRANCISCO–(BUSINESS WIRE)–Vesta, Modern Loan Origination System (LOS) and Software-as-a-Service Company Announces New Best-in-Class Integration with Freddie Mac’s Automated Underwriting System – Loan Product Advisor®. Through this partnership, lenders using the Vesta LOS platform will be able to seamlessly assess their loans against Freddie Mac guidelines.

Vesta is building the LOS of the future that enables lenders of all sizes to create personalized workflows that fuel a more efficient lending process. Vesta’s fully customizable no-code workflow engine creates substantial automation and efficiency gains for end-to-end mortgage origination. As lenders seek to digitize the origination process as much as possible, Vesta’s open application programming interfaces (APIs) allow lenders to integrate with Loan Product Advisor and its automated solutions – like Loan Modeler. Assets and Income (AIM) – seamlessly within the Platform.

Vesta Co-Founder and CEO Mike Yu said, “Loan Product Advisor is a critical piece of the end-to-end digital lending and building automation puzzle to ultimately deliver a better experience for borrowers. Together, we hope to create a simplified, clear and straightforward experience for the borrower by enabling a fully optimized and automated process for lenders. »

“We are excited to work with Vesta to help provide more lenders and borrowers with the latest lending technology,” said Kevin Kauffman, Freddie Mac Single Family Vice President, Head of Client & Partner Delivery. “Vesta’s leadership in simplifying configurability and customizations in the LOS space will help ensure that our risk assessment tools and capabilities are optimized throughout the mortgage manufacturing process. In turn, our integration will provide smart automation for lenders and a streamlined process for borrowers. »

About Vesta:

Vesta is a SaaS provider of mortgage origination software. The platform provides lenders with a modern onboarding system and customizable workflows for an end-to-end mortgage processing process. Based in San Francisco, California, the company was founded by early Blend employees Mike Yu and Devon Yang in 2020. Investors backing Vesta include: Andreessen Horowitz, Bain Capital Ventures, Conversion Capital, Index Ventures and Zigg Capital . For more information visit: www.usevesta.comWhere Vesta’s LinkedIn.

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