On August 3, we announced that partial representation and warranty relief (formerly referred to as source level representation and warranty relief) will be offered through Loan Product Advisor® (LPASM) asset and income modeler (AIM). This occurs when multiple income sources are submitted through LPA and one or more of the income sources receives income representation and warranty relief, but additional sources of income are required for the transaction.

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

Additional Feedback Message Updates

To provide you with more clarity and transparency on what action to take next with your specific loan scenarios, we also updated several feedback messages related to ACE+ PDR (automated collateral evaluation plus property data report) and desktop appraisals.

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