New Loan Prospector Enhancements Offer Additional Tools and Guidance in Using Loan Prospector

June 2, 2008

On June 15, we updated Loan Prospector® to improve functionality and provide you with additional tools in using Loan Prospector. The recent Loan Prospector enhancements include:

• Adding a new informational feedback message to provide you with the U.S. Department of Housing and Urban Development's (HUD) conforming jumbo mortgage loan limit on all conventional, 1-unit property submissions.
• Making necessary changes to Loan Prospector as part of our ongoing maintenance. We will also introduce several new Loan Prospector feedback messages associated with these changes.
• Expanding our existing Reorder Credit Service to allow you to use the service to request a new merged credit file, in addition to credit infiles (Loan Prospector version 4.2.01).
• Enhancing the Loan Prospector Feedback Certificate with information to assist you in determining which version of Loan Prospector you are using.
• Updates to Loan Prospector's Merged Credit Reference Number functionality.

For more information on the latest changes to Loan Prospector, review the Loan Prospector June enhancements at-a-glance chart [PDF 68K].