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RC_LP_U_303.3 Evaluating Loans with Loan Product Advisor
Member Price: $49.00
Nonmember Price: $79.00
Product Code: DL2-011093-WC-W
Quantity:
Delivery Options: N/A







Description of Product
Description:

This is a single-family/residential course.

Loan Product Advisor (LPA) is an automated loan evaluation system that makes a purchase decision for Freddie Mac, eliminating many of the manual processing and underwriting requirements of traditional mortgage processing. LPA can assess almost any type of mortgage application, including conventional/conforming mortgages, conventional/non-conforming mortgages, and FHA and VA mortgages.

Evaluating Loans with Loans Product Advisor focuses on the use of Freddie Mac's AUS to evaluate conventional/conforming mortgages. This course begins with a review of loans eligible for LPA review, a tour of LPA, and additional training information. Next, it addresses LPA feedback, risk class, and documentation levels. The course goes on to describe LPA requirements related to credit, income, assets, and property. Toward the end of the lesson, LPA resubmission guidelines are covered. The course ends with a case study which allows the participant to practice the information presented in the course.with a case study which allows the participant to practice the information presented in the course.

Topics:

  • LPA Basics
  • LPA Feedback, Risk Class, and Documentation Levels
  • LPA Requirements
  • Resubmission Guidelines
  • Case Study

    Seat time approximately one (1) hour.

    Copyright 2017.

     
  •  
    Product Category:
    Self-Study Web-Based Courses 
     
    Notes:
    This is a self-paced, self-study course. Enroll anytime and take up to 12 months to complete the course. 
     
    Contact Info:

    For registration information, call (800) 793-6222 or email education@mba.org.

     
     
    Contact E-mail:
    education@mba.org 
     
    Product:
    DL2-011093-WC-W 
     
    Title:
    RC_LP_U_303.3 Evaluating Loans with Loan Product Advisor 
     
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