Loan Prospector Feedback

Clear Direction, Key Information, Easy to Access & Use

Loan Prospector® feedback includes:

• Comprehensive Feedback Certificate
• Documentation Checklist

Comprehensive Feedback Certificate

Highlighted at the top of your LP Feedback Certificate you’ll find your loan’s purchase eligibility and delivery fee information. In addition, you’ll also find key information to help you:

• Recognize loan requirements and documentation needs
• Verify mortgage insurance requirements
• Determine next steps in the loan submission process
• Confirm the date beyond which LP will reorder credit data if the loan is resubmitted
• Identify the following loan characteristics:
  • HTLTV
  • Occupant Debt Ratio
  • Cash Out Amount ®
  • Occupant Housing Ratio
• Identify stated subject property values that may be potentially excessive compared to local market property values

Documentation Checklist

Simply print the Doc Checklist and use it to make sure you have the necessary documentation in the loan file.

More Information & Training Resources

• Attend the prerecorded web conference: Loan Prospector – Understanding the Results.
• Check out the complete list of Loan Prospector Feedback messages [PDF [an error occurred while processing this directive] ] .