MeridianLink's PriceMyLoan service experienced a 2.2-hour delay in processing FHLMC (Freddie Mac) rate sheets due to Freddie Mac updating their rate sheet structure. The incident affected the Mortgage App Pricing Engine, Mortgage Access, and OpenClose components, preventing timely rate updates for mortgage pricing. The issue was resolved once the system was updated to accommodate the new rate sheet format.
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Due to FHLMC (Freddie Mac) updating their rate sheet structure, PriceMyLoan is delayed in updating FHLMC rates this morning. As soon as rates have been updated, we will let you know.
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