MCLEAN, Va. (GLOBE NEWSWIRE) — Freddie Mac’s (OTCQB: FMCC) announced Optigo — the new designation for its Multifamily Seller/Servicer network and suite of loan offerings. Optigo intends to capture the Freddie Mac Multifamily ethos of providing customers with optimal solutions and going further to meet their needs. It also aims to better clarify Multifamily’s Seller/Servicer network and offerings within the span of Freddie Mac’s broader business. The company has established Optigo.com to provide more information about the network.
“Optigo brings much needed distinction and identity to our market-leading multifamily Seller/Servicer network and our wide array of loan offerings,” said Debby Jenkins, executive vice president and head of Freddie Mac Multifamily. “Optigo is more than just a name — it’s the essence of what we strive to achieve for our customers. The culture of Freddie Mac Multifamily is one of optimal solutions and a drive toward excellence. We lead the market because we opt to go further for our customers.”
Freddie Mac Multifamily’s Optigo network is a select group of Freddie Mac approved lenders (knowns as Seller/Servicers). Optigo Seller/Servicers and Freddie Mac work together to provide flexible funding solutions to Borrowers and support the financing of affordable rental housing.
Freddie Mac Multifamily’s Optigo offerings include a full range of innovative loan products for the acquisition, refinance, or moderate rehabilitation of multifamily properties. The offerings fall under four product lines: Conventional, Targeted Affordable Housing, Small Balance Loans and Seniors Housing.
Freddie Mac Multifamily is the nation’s multifamily housing finance leader. Historically, more than 90 percent of the eligible rental units we fund are affordable to families with low-to-moderate incomes earning less than 120 percent of area median income.
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 FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog FreddieMac.com/blog.
MEDIA CONTACT: Mike Morosi