Florida-based Capital Markets Cooperative (CMC), a provider of services to mortgage bankers aimed at reducing risk and maximizing profit in the secondary market, has announced a new strategic alliance with residential mortgage investor “Freddie Mac”:http://www.freddiemac.com. CMC explained that its members can now take advantage of “superior pricing on all executions at Freddie Mac’s cash window, free introductory use of Loan Prospector to new users of Freddie Mac’s automated underwriting service, plus discounts on training for groups, large and small.” According to CMC President Tom Millon, the company’s mortgage banker clients stand to see substantial benefits under the new strategic alliance. “Freddie Mac is one of the largest players in the secondary market, and our clients will have access to competitive pricing on the loans they deliver to Freddie,” Million said. “Combine that with the access to Loan Prospector for new users and the training Freddie Mac provides its strategic alliance partners and you can see how this is a huge win for CMC members.” CMC says its mortgage bankers will also have access to methods of execution historically limited to only those with large volume and high levels of expertise.

The Freddie Mac alliance expands the execution options available to CMC clients – a benefit the cooperative says will result in a higher-level and more sophisticated capital markets execution for smaller mortgage lenders. Iliana Ghanem, Freddie Mac’s VP for sourcing, said, “Freddie Mac is proud to launch this new strategic alliance agreement with CMC and provide its members with an important anchor in today’s market. We look forward to providing CMC’s members with Freddie Mac’s business services, mortgage products, and a proven path to high-level capital markets executions.” As a secondary market specialist, the Capital Markets Cooperative says it has worked with financial institutions nationwide to break traditional barriers in capital markets and take performance to the next level of profitability. To date, CMC executives have managed more than $500 billion of mortgage volume.