Ice Integrates Mortgage Analyzer With Freddie Mac’s Borrower Verification Tool

ICE Mortgage Technology, part of Intercontinental Exchange Inc., on Monday announced the integration of Freddie Mac’s AIM Check API with the ICE Mortgage Analyzer.

The AIM Check API uses Freddie Mac’s Loan Product Advisor (LPA) Asset and Income Modeler (AIM) separately from an LPA application. This allows Freddie Mac-approved sellers and third-party originators to review a borrower’s income and employment before submitting a full application to LPA.

The calculated income will be assessed during subsequent submissions to LPA, and the data automatically flows into ICE’s Encompass loan file.

The integration supports faster underwriting, simplified income verification, fewer loan defects and a better user experience for lender staff.

“Underwriting is one of the most time-intensive and error-prone components of loan production, and we are proud to collaborate with Freddie Mac to help reduce friction around this process,” Tim Bowler, president of ICE Mortgage Technology, said in a statement.

“ICE is committed to continuous investment in reducing bottlenecks with intelligent automation. The interconnectivity of our end-to-end mortgage platform drives efficiencies throughout the mortgage lifecycle that lower costs and reduce errors for lenders, investors and borrowers.”

With the new AIM Check API integration, mortgage analyzers use artificial intelligence to automatically verify a borrower’s income, assets and credit, speeding up the review process for underwriters and helping with quality checks after closing.

All documents and data stay in sync across ICE Mortgage Technology’s system, according to a press release from ICE.

According to a 2024 study by MarketWise Advisors, the mortgage analyzers can save lenders up to 224 minutes in processing time and $156 in costs per loan.

“At Freddie Mac, we are focused on driving innovation that improves efficiency and accuracy in the mortgage process, which could lead to lower cost for borrowers,” said Kevin Kauffman, senior vice president of seller engagement at Freddie Mac.

“The integration of the AIM Check API with ICE’s Mortgage Analyzers helps lenders streamline income assessment, reduce errors and deliver faster service. This collaboration reflects our shared commitment to advancing automation and mortgage underwriting by lenders.”