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Run with Opportunity

Don't miss a homeownership opportunity. Top ways to clear Cautions in Loan Product Advisor® (LPASM). 

Getting a Caution risk class in Loan Product Advisor is not rejection. It’s a redirection to uncover missed opportunities that are more tailored for your borrower. Check back frequently for updated tips and resources.

Getting to Accept Just Got Easier

Introducing LPA ChoiceSM: new feedback messages that provide unprecedented, actionable information, giving you opportunities to make faster, more informed decisions to turn Cautions to Accepts. Messages offer dynamic data points for DTI, LTV and reserves.

Users may receive multiple messages offering different paths of direction, the choice is yours to decide which path forward best suits your borrower.

Account for All Streams of Income

You get an LPA Choice Caution message stating that adding qualifying income can help lower the debt-to-income (DTI) ratio. Check with your borrower to see if they have additional income to submit to get the loan to Accept.

Locate the Message Code

Look in the Credit and Liabilities section for message FCL0434 that provides you the specific additional qualifying income requirements. 

Guidance for Next Steps

Questions to consider:

  • Have they disclosed all income sources? Don't forget about other income sources like bonuses, alimony, child support, retirement benefits, pensions, etc.
  • Are they able to add a co-borrower?
  • Are they able to reduce/payoff any current debts?

How This Helps Get to Accept

Lowering the DTI may help you meet underwriting guidelines.

Find the Key to a Lower LTV

You get an LPA Choice Caution message stating that lowering the loan amount with additional down payment can help lower the loan-to-value/total loan-to-value (LTV/TLTV). See if your borrower can increase their down payment to get the loan to Accept.

Locate the Message Code

Look in the Credit and Liabilities section for message FCL0435 that provides you the specific additional down payment requirement.  

Guidance for Next Steps

Questions to consider:

  • Are there any gifts, grants or additional cash they can put towards the down payment?
  • Are there any down payment assistance programs they could qualify for? DPA One® can help identify available programs.

How This Helps Get to Accept

Lowering the LTV/TLTV may help you meet underwriting guidelines. 

Ensure All Reserves Are Reported

You get an LPA Choice Caution message stating that submitting additional qualifying assets can help get the loan to Accept.  

Locate the Message Code

Look in the Credit and Liabilities section for message FCL0436 that provides the specific amount of reserves required.

Guidance for Next Steps

Questions to consider:

  • Have they disclosed all their available reserves (e.g., investments, retirement, securities, joint accounts, eligible gifts, etc.)?

How This Helps Get to Accept

Adding additional reserves may help you meet underwriting guidelines.

Additional Resources