April Loan Product Advisor® (LPASM) releases can help clients be more efficient with their time and get more done in their day. We’ve updated a feedback message related to Freddie Mac Refi PossibleSM mortgages and made two enhancements to LPA asset an income modeler (AIM) for self-employed to automate the loan origination process.

April Loan Product Advisor Releases

On April 6, 2022, the minimum Indicator Score requirement for Refi Possible was removed to make a greater impact by expanding flexibilities for even more borrowers who may believe refinancing is out of reach. We’ve updated the feedback message to reflect this change.

To learn more about this change, read Single-Family Seller/Servicer Guide (Guide) Bulletin 2022-7.

On April 15, 2022, AIM for self-employed was enhanced with the following two offerings:  

  • The ability to request a tax transcript from the IRS through a designated third-party service provider, and potentially receive relief from representations and warranties related to the accuracy and integrity of the tax return data. 
  • The ability to assess a tax return on extension, provided certain requirements are met.

To learn more about these AIM for self-employed changes that can help your business, read Guide Bulletin 2022-5 and watch the AIM for Self-Employed Tax Transcripts and Extensions clip.

Read the April LPA release notes and feedback messages for complete details. 

Feedback Messages Enhancements

To provide you with more clarity and transparency on what action to take next with your specific loan scenarios, we enhanced several feedback messages related to automated collateral evaluation (ACE) and credit reporting information with effective dates in June and July.

Bookmark the Loan Advisor Resources and Learning web page so you never miss accessing the latest LPA feedback message changes.