WASHINGTON – Freddie Mac had three milestones to celebrate in 2002 for its Loan Prospector system. First, Loan Prospector evaluated its 25 millionth loan. It also reached a record annual volume for the eighth consecutive year – 8.2 million individual loans, and lastly, it launched its loanprospector.com integrated Web site that features automatic data transfer and an online fulfillment management service that mortgage lenders and brokers can use to order appraisals, flood determinations, title products and property surveys from vendors. In 1995 when the product was released, Loan Prospector evaluated more than 38,000 loans. In 2001, it reached the 10 million mark; by June 2002, it reached the 20 million mark, and by Dec. 18, it evaluated its 25 millionth loan. The total number of loans Loan Prospector evaluated has steadily climbed: 38,248 loans in 1995; 203,424 in 1996; 528.809 in 1997; 2.07 million in 1998; 3.03 million in 1999; 3.80 million in 2000; 7.38 million in 2001; and 8l2 million in 2002.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.