Freddie Mac has announced the winners of its Home Possible RISE Awards. The annual program, RISE (Recognizing Individuals for Sustained Excellence), salutes top clients across multiple categories for excellence with the Freddie Mac Home Possible mortgage–the company’s affordable lending solution for very low- to low-income homebuyers.
“We applaud our lender partners for helping borrowers overcome affordability challenges to achieve sustainable homeownership with our Home Possible mortgage,” said Danny Gardner, Freddie Mac Single-Family SVP, Mission, and Community Engagement [1].
The award winners represent national and local lending companies, as well as their loan originators who have made a commitment to making responsible and sustainable homeownership a reality.
This year’s Home Possible RISE Award winners receive: Freddie Mac marketing, publicity and industry recognition; a promotional toolkit to assist in cross-promoting their award in their local markets; and recognition at Freddie Mac’s annual FreddieMacCONNECT conference.
Winners were named in the following categories:
- Home Possible RISE Award for Greatest Volume: Award to those making a big impact on affordable lending. These winners represent the top originators from national to local organizations who are producing and/or aggregating the greatest volume of Home Possible mortgages.
- Home Possible RISE Award for Fastest Growth: These winners are making Home Possible at an impressive pace, representing the top originators from national to local organizations who have experienced the fastest growth.
- Home Possible RISE Award for Correspondent Volume: Awarded to the top correspondent lender who sells Home Possible mortgages to Freddie Mac approved Seller/Servicers.
- Home Possible RISE Award for Broker Volume: Awarded to the top broker who sells the most Home Possible mortgages to Freddie Mac approved Seller/Servicers.
- Home Possible RISE Award for New Originator: Starting from zero can be difficult, but these organizations took on Home Possible mortgages and made impressive strides. Nominees are lenders that not only began originating Home Possible mortgages, but also had the highest volume for the year among all other new originators.
- Home Possible RISE Award for HFA Advantage Volume: The Freddie Mac HFA Advantage mortgage is a low-down payment offering like Home Possible, but has additional flexibilities for housing finance agencies. These organizations are using all the mortgage tools in their toolkit to make homeownership a reality for the borrowers of the future.
In the year 2022, Freddie Mac purchased more than 77,000 Home Possible and HFA Advantage mortgage loans. Of the Home Possible mortgages purchased, 80% of those loans supported first-time homebuyers. Freddie Mac has made homeownership possible for more than 760,000 families through $150.4 billion in Home Possible and HFA Advantage mortgages to date since 2015.
In order to qualify for the Home Possible RISE Awards, lenders must be active Freddie Mac Seller/Servicers, and correspondent lenders, and mortgage brokers must originate through those Seller/Servicers. Freddie Mac reviewed 2022 data and awarded the top organizations among several categories, including:
