Starting October 13, 2024, enhanced Loan Product Advisor (LPASM) feedback messages will deliver unprecedented, actionable information – so, you don’t miss opportunities to turn Cautions to Accepts. 

Introducing LPA Choice

When a loan receives a Caution risk class, loan originators may be unsure about how to proceed and might even consider it a hard stop. However, a Caution can be an opportunity, one that with more information about our purchase requirements, could turn into an Accept. We’re introducing LPA Choice to help uncover that opportunity.

Your loan originators always have a choice to use LPA feedback to turn Cautions into Accepts. Our new LPA Choice feedback messages can help make that choice easier.

For certain loans that receive a Caution risk class, LPA Choice feedback messages offer unprecedented information about our purchase requirements and actionable feedback that can help loan originators make faster, informed decisions about how to procced. If your loan originators can provide the information identified in the messages and resubmit to LPA, the loan is more likely turn into an Accept.

The LPA Choice messages use dynamic data points for three specific loan characteristics:

  • Debt-to-income (DTI) ratio
  • Loan-to-value (LTV) ratios
  • Reserves

Get a Preview and Prepare

View our LPA Choice feedback messages and start preparing for when they become effective on October 13, 2024.

Run with Opportunity

LPA Choice is our latest enhancement focused on helping you identify opportunities. Want to learn about more ways running LPA can help? Check out our Run with Opportunity web page for helpful tips and resources.