TUKWILA, Wash. -- Prime Alliance first had Fannie and now hasFreddie.
Until now, Prime Alliance had an exclusive strategic agreementwith Fannie Mae that goes back to 2001, when Prime Alliance wasfounded. The PA solution has Fannie Mae's Desktop Underwriter builtin, so credit union loans are approved using a secondary marketdecisioning engine. That partnership has been extended to 2016.
As a result of a newly announced partnership, Prime Alliancecredit unions will now have access to Freddie Mac's standard onlinesuite of mortgage underwriting and processing tools,LoanProspector.com, as well as various specialized tools such astraining opportunities and credit opportunities.
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