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Loan Prospector February 28 ReleaseFebruary 12, 2010

On February 28, Freddie Mac is enhancing Loan Prospector to help you review appraisal results early in the origination process. Loan Prospector will provide a point value estimate for the property address from Home Value Explorer® (HVE®), Freddie Mac's automated valuation model (AVM). This free additional service can help you more easily identify potentially inflated appraisal values that may need additional review early in the origination process. For more on the HVE point value estimate in Loan Prospector.

We are also updating Loan Prospector to:

• Revise existing feedback messages to reflect our credit requirements for verbal verifications of employment and to require all borrowers to sign IRS Form 4506-T as announced in the Single-Family Seller/Servicer Guide Bulletin 2009-27 issued on December 4, 2009.
• Remove the option to select LandAmerica (LACS) as a credit reporting company in Loan Prospector, as a result of the Equifax Information Services, LLC – Mortgage Services acquisition of LACS, and provide you with important information on existing Loan Prospector transactions using merged credit from LACS.