November Loan Product Advisor Releases

November Loan Product Advisor® (LPASM) updates are designed to help you streamline the way you work so you can assist more borrowers. This month’s updates include:

  • Updates to Freddie Mac Affordable Seconds®.
  • A new derived property type value on the LPA Feedback Certificate representing up to six discrete Mortgage Industry Standards Maintenance Organization (MISMO®) v3.4 data points submitted in the Request File, to further identify property characteristics to which a loan was underwritten. 
  • Corrections to subordinate lien processing to provide complete lien balance information.
  • Improvements that prevent duplicate transaction submissions in LPA through direct access.
  • New feedback message to remind Sellers of Texas Homestead laws when considering automated collateral evaluation (ACE) appraisal waivers.

Read the November LPA release notes and the November LPA feedback messages for the full details.

New: Loan Product Advisor Recent Updates Webinar

Register for this new training opportunity to recap recent LPA enhancements and take a deeper dive into the updates included in LPA specification v5.1.00 that became effective November 14, 2021. This webinar is packed with great information you don’t want to miss.

Session Date: December 9, 2021, 11:00 – 11:30 a.m., EST
Register: Click here to register.