We’re consistently working to make Loan Product Advisor® (LPASM) feedback messages clearer to take the guesswork out of what you need to do next. New messages are also being developed to help support your specific loan scenarios and to align with the most recent Single-Family Seller/Servicer Guide (Guide) Bulletin updates and LPA enhancements.

New or updated messages effective in May include:

Click here to view LPA message updates effective in the month of May that include:

  • Credit inquiry period updates to align with Guide requirements.
  • Home Equity Line of Credit (HELOC) included as an eligible asset as announced in Bulletin 2022-2.

New or updated messages effective in June and July include:

Check out the latest message updates related to:

  • Asset and income modeler’s (AIM) automation of the 10-day pre-close verification (PCV) that include account data, payroll data and direct deposit messages – effective June 1, 2022.*
  • Collateral representation and warranty relief eligibility with a property data report (ACE+ PDR) message in alignment with Guide Bulletin 2022-6 – effective July 17, 2022.
  • An area median income (AMI) update for conventional loans – effective July 31, 2022.
  • Asset and income representation and warranty relief eligibility – effective July 31, 2022.

Click here to view the above ACE+ PDR, AMI and asset and income rep and warranty relief eligibility message improvements. 

* Full details of this latest AIM enhancement will be provided in a June Guide Bulletin.

Reminder: Sharing Loan Product Advisor Feedback Certificates

We recently announced in Bulletin 2022-10 that we are permitting the sharing of Feedback Certificates related to closed loans with third-party service providers in connection with a securitization or with prospective purchasers, provided certain requirements are met.

Effective June 25, 2022, the following message will be included on the Feedback Certificate:

Message Code FGM0143: This Feedback Certificate (i) is not a consumer report; (ii) does not constitute an approval or denial by Loan Product Advisor or Freddie Mac of any consumer loan application; (iii) may only be shared or distributed by the Loan Product Advisor licensee, including the Seller/Servicer, as permitted in Freddie Mac Seller/Servicer Guide Sections 2402.3.