We have made an ironclad commitment to serve lenders of every size in every corner of our industry. We're providing flexible products that help every lender reach and qualify more borrowers faster, at less cost, with better service. We're sending a very clear message that we are not catering merely to the very large lenders. That's what Loan Prospector is achieving as the preeminent automated underwriting service. Loan Prospector is a milestone in the advance of electronic underwriting, and it's only the beginning of applications we've developed to cut costs, extend your reach, enhance your value to customers, link you to more steps in the mortgage process, and simplify the transaction.
Technology opens extraordinary new avenues.
It enables the elimination of unnecessary steps in documentation while still assuring quality-enabling borrowers to get financing without stacks of paperwork and delays. Technology enables instant collateral valuation and credit approvals. Technology fosters mortgages that can be tailor-made to individual borrowers. Freddie Mac intends to use the full potential of technology to serve your needs. Our goal of providing the best tools to lenders also extends to our multifamily business.