Tag: LPA

Fannie Mae – Updated FAQs for COVID – Dated July 29, 2020 and Freddie Mac – Updated FAQs for COVID – Dated July 29, 2020

Written by: Lloyd Rutherford, Staff Writer The agencies are being bombarded with questions during COVID.  This FAQ addresses many of the most common questions.  Take the time to read through these and make your life easier! Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac) have updated their FAQ documents for COVID-related (temporary) changes to […]

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Fannie Mae – Updated FAQs for COVID – Dated July 1, 2020 and Freddie Mac – Updated FAQs for COVID – Dated July 1, 2020

Written by: Lloyd Rutherford, Staff Writer What to do with COVID-19, and its impact on your clients, continues to evolve with the agencies.  Read through this update where the agencies address the latest FAQs. Rule Synopsis: The GSE’s (Fannie Mae and Freddie Mac) have updated their FAQ documents for COVID-related (temporary) changes to Mortgage Origination, […]

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Freddie Mac – LPA Feedback Message Updates – Effective March 29, 2020

Written by: Lloyd Rutherford, Staff Writer LPA [Loan Product Advisor] continues to become more sophisticated to assist lenders in avoiding mistakes that result in denied loans or buybacks.  Read through this article to learn the new feedback messages being adopted by Freddie Mac in March. Rule Synopsis: Freddie Issues notification that they are updating Feedback […]

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Freddie Mac – LPA Feedback Message Updates – Effective December 3, 2019 and January 25, 2020 and February 4, 2020 – Dated November 21, 2019

Written by: Lloyd Rutherford, Staff Writer One of the best things you can do for your business is to understand how your AUS systems work. This update on Loan Product Advisor shares some important changes you need to know to get the results you want! Rule Synopsis: Freddie Issues notification that they are updating Feedback […]

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Freddie Mac – LPA Feedback Message Updates – Effective October 2019 – Dated September 17, 2019

Written by: Lloyd Rutherford, Staff Writer Using LPA correctly is essential to a successful approval with the right conditions. Stay up to date on the latest LPA feedback messaging along with an updated credit risk pricing adjustment matrix. Rule Synopsis: Freddie Mac issued notification that they are updating Feedback messages effective October 1, 2019 to […]

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