We're continually updating Loan Prospector® with new enhancements to complement the way you work, providing you with the options and solutions you need to meet more of your business needs.
Reorder Credit Service Loan Prospector’s Reorder Credit Service is an optional service, that allows you to request fresh credit infiles to be used in Loan Prospector for its assessment within an existing loan transaction.
Free Loan Prospector® Conventional/Conforming Loan Prospector Submissions
With free Loan Prospector Caution submissions, you have more reasons for assessing all of your borrowers up-front using Loan Prospector, including those with weak credit histories, low- and moderate-income and underserved borrowers.
Low Documentation Requirements
Loan Prospector offers three standard, easy-to-learn documentation classes,
that means you collect only the information you need from your borrowers,
saving time and money. And if you're using LoanProspector.com, it gets even
easier thanks to the Documentation Checklist included with your automated
underwriting results.
Property Inspection Alternative
Loan Prospector's Property Inspection Alternative (PIA) is a robust model-based valuation option for your valuation and inspection needs. With PIA, you'll have a cost-effective, point-of-sale option for more of your loans, helping you further streamline your valuation and inspection process.
Efficient Loan Assignment
Process
LoanProspector.com provides choice and flexibility to support how third-party
originators (TPOs) or brokers, and wholesale
lenders work together by offering greater efficiencies and improved
data quality control. This feature allows brokers to submit loans for assessment
before assigning to a wholesaler.
Easy-to-Use Feedback
Loan Prospector provides you with a comprehensive Feedback Certificate with
easy-to-locate key loan information, including your loan's purchase eligibility
and delivery fee information. You'll also receive an easy-to-use Documentation
Checklist that gives you an at-a-glance list of your loans of required documentation.
Collateral Feature
Loan Prospector's collateral feature allows you to further streamline the
mortgage origination process and improve service to your borrowers. Our
easy-to-use collateral feature provides streamlined appraisal options on
loans eligible for sale to Freddie Mac.