Loan Product Advisor Version Transition Resources
Action Required
Versions 5.0.06 and 5.1.00 have retired as of March 1, 2024. Please make sure you’re using a newer version of LPA to submit loans to Freddie Mac.
We’ve compiled relevant resources, important dates and access to the latest information all in one place, so you can successfully transition from one Loan Product Advisor® (LPASM) specification to the next. By updating to the latest version of the specification, you’re making home possible for more borrowers with access to the latest programs, enhancements and the most up-to-date feedback responses.
Find the latest specification files on the Developer Portal. Contact your Freddie Mac representative for access.
Additional Resources
LPA v5.4.00 Specification Bulletin
The latest version of LPA includes new enhancements to make identifying rep and warranty relief eligibility faster, limitation of some data point requirements to align with industry standards and overall functionality improvements for a better user experience.
Transition Readiness Checklists
Preparation
- Obtain appropriate access and integration support for transition from your loan origination system (LOS) software partner.
- Work with your LOS partner to ensure you are on the latest version of the LOS that supports the most recent version of the LPA specification.
- Develop a project plan and timeline, budget resources for implementation and make updates to applicable business processes.
- If needed, obtain credentials for the customer test environment (CTE).
- Begin testing.
Transition
- Complete the upgrade to a supported version.
- Determine and communicate release date to internal staff and business partners, if appropriate.
- Access Freddie Mac training materials for additional guidance.
Preparation
- Gain access to the Developer Portal to get the latest specification files, test case binder and determine which acceptable version of LPA to implement.
- Develop a project plan and timeline, budget resources for implementation and make updates to applicable business processes.
- Check in with all partners to determine possible impacts of transitioning.
- Complete any development needed to support the updated LPA version.
- Coordinate integration verification requirements with your software partner manager.
- Provide appropriate access and integration support to your lenders.
Transition
- Complete verification testing.
- Communicate available updates to your lenders and remind them to download the updated release if applicable.
- Monitor the status of your lenders’ ability to transition and schedule any necessary testing.
- Support your lender’s transition prior to the retirement date of the LPA version.
Preparation
- Gain access to the Developer Portal to get the latest specification files, test case binder and determine which acceptable version of LPA to implement.
- Develop a project plan and timeline, budget resources for implementation and make updates to applicable business processes.
- Complete any development needed to support the updated LPA version.
- Coordinate integration verification requirements with your account team.
- Check in with all business partners to determine possible impacts of transitioning.
- If needed, obtain credentials for the customer test environment (CTE).
- Begin testing.
Transition
- Complete verification testing.
- Determine and communicate release date to internal staff and business partners, if appropriate.
- Access Freddie Mac training materials for additional guidance.