We’re making Loan Product Advisor® (LPASM) updates in April to improve your experience and to align with Single-Family Seller/Servicer Guide (Guide) changes. Check out what’s new, what’s changed and how these updates can help you streamline your processes.

A few updates include: 
  • Offering automated collateral evaluation (ACE) in previously designated disaster areas.
  • Updating a feedback message for pension income requirements.
  • Adding new and updated feedback messages for Home Possible® mortgages.

 

Review the April Loan Product Advisor Release Notes document for full details. 

 

April Feedback Message Updates

Click here for a list of feedback message updates related to the April enhancements.

For quick access to the latest feedback message updates to our tools, bookmark the Freddie Mac Loan Advisor® Resources and Learning web page.

 

Reminder: Discontinue Using Home Possible Advantage®

Effective April 26, 2021, if you submit or deliver Home Possible Advantage® loans through LPA or Loan Selling Advisor®, you’ll receive an error message that the Home Possible Advantage identifier is no longer an eligible affordable program. You’ll then need to resubmit the loan and select a valid option. 

Please also remind your sponsored third-party originator business partners to discontinue using the Home Possible Advantage identifiers.

For more details, read our Single-Family News & Insights article.

 

Stay Informed of Important Updates

Visit the Client Resource Center – your resource to catch the latest Single-Family news, Guide information, events, webinars and system status updates. Set up a profile to customize the type of information you’d like delivered.