January Loan Product Advisor Message Updates
We’re continuously improving Loan Product Advisor® (LPASM) feedback messages to help you make quicker decisions, underwrite more loans and gain a competitive edge. Check out the latest message updates:
- Effective January 31, 2021, we’re updating one LPA feedback message to provide clearer and more actionable messaging related to down payments.
- Effective March 07, 2021, we’re updating one LPA feedback message to provide more clarity related to caution loans being ineligible for income rep and warranty relief.
- Effective March 25, 2021, we’re updating several LPA messages to provide more transparency about why a loan may not be eligible for automated collateral evaluation (ACE). We will notify you when this change is in effect for Loan Quality Advisor® and Loan Quality Advisor feedback messages are updated.
Click here for the the list of LPA feedback messages.
For More Information
For quick access to the latest feedback message updates to our tools, bookmark the Freddie Mac Loan Advisor® Resources and Learning web page.
Ready for LPA v5.0.06 and the URLA Mandate?
We’ve developed several tools and resources to help you prepare for the enhanced LPA and the redesigned Uniform Residential Loan Application (URLA) March 1, 2021, mandate.
- Use the LPA v5.0.06 checklist as a guide to complete each applicable task.
- Use Freddie Mac training materials and job aids to help your organization’s end-users navigate through the LPA changes.
If you run into any issues or have questions, contact your Freddie Mac representative or the Customer Support Contact Center (800-FREDDIE). We’re here to provide you with support and assistance tailored to your individual needs.