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Ace Mortgage

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Freddie Mac Expands ACE Eligibility for Condominium Purchases and Refinances

, Freddie Mac’s automated underwriting system. ACE for condominium purchases and refinances will be available beginning July 16, 2018.

If ACE determines that the estimated value or purchase price of the home provided by the lender is acceptable, the lender may receive immediate representation and warranty relief related to the value, condition and marketability of the property upon delivery of the loan to Freddie Mac. However, lenders and borrowers always have the choice to either proceed with an ACE appraisal waiver or obtain a traditional appraisal.

More information about Loan Advisor Suite is available online .

Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we've made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at , Twitter @FreddieMac and Freddie Mac's blog .

Overcoming Vocational Irony as AI Role Grows

Management consulting firm McKinsey & Company recently published a study that looked into big data and the building influence of artificial intelligence and Ibanez said one point stood out to her:  "While investments in analytics are booming, many companies aren't seeing the ROI they expected. They struggle to move from employing analytics in a few successful use cases to scaling it across the enterprise, embedding it in organizational culture and everyday decision-making. "  How, she asks, do companies ensure that big data and AI, which are transforming nearly every industry in the world, improve their own internal operational processes?

Freddie Mac’s venture into this brave new world started with the introduction of Loan Advisor Suite in 2016. This allowed the company’s customers, i.e. banks and mortgage lenders, access to Freddie’s risk assessment tools.  Loan Product Advisor, the Suite’s

Who took over Ace Mortgage's home loans?

My mortgage was with Ace, and we haven't gotten anything telling us who has our loan now... or where to send the payment.

Companies like ACE are only brokers who sell the mortgages to someone else. So you do not know who actually owns your mortgage. If you were making your mortgage payments to ACE they were probably just servicing the loan.