We’re making Loan Product Advisor® (LPASM) updates in March to offer you more choices, improve the client and borrower experience and align with Single-Family Seller/Servicer Guide (Guide).

  • On March 2, 2022, LPA asset and income modeler (AIM) for income using direct deposits became available. This enhancement is the next evolution of AIM that reduces the burden of obtaining traditional documentation, helps close loans faster, saves money, provides a superior borrower experience and more. Check out new training opportunities and resources – and get your competitive edge. 
  • March LPA feedback messages updates were made to provide you with clarity and transparency. We’ve added new messages that align with recent LPA enhancements and Guide announcements. Others have been improved to be more tailored to your loan scenarios.

Read the March LPA release notes for complete details and for the updates to impacted feedback messages.

AIM for Self-Employed Enhancements Coming Soon

Effective April 15, 2022, AIM for self-employed will include two enhancements:

  • 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 changes that can help your business, read Guide Bulletin 2022-05.