Freddie Mac Pushes Back Against Criticism of Its Use of Equifax for Merged Credit Reports
October 19, 2017
Freddie Mac faced criticism last week from consumer advocates for the way the government-sponsored enterprise’s automated underwriting system handles certain functions involving merged credit reports and Equifax. A story in the New York Times this week detailed how Equifax acted as a “gatekeeper” for certain borrower credit information in Freddie’s Loan Quality Advisor. LQA is a risk and eligibility assessment tool that evaluates loan data to help lenders determine if ...