This online tool includes tables of information about the messages you may receive while using Loan Prospector®. You may encounter two types of messages:
Processing Error Messages – Messages received online when a Loan Prospector submission cannot be processed.
Feedback Messages – Messages received on the Feedback Certificate and the Documentation Checklist.
Feedback messages provide detailed information about the assessment of the loan application data. This data provided should be used to guide you in documenting and underwriting loans for sale to Freddie Mac. Loan Prospector is not designed to, and does not, furnish rationales or reasons for a lender’s decision to originate (or not to originate) a loan. Therefore, you may not use Loan Prospector feedback messages in an adverse action notice as a substitute for your own evaluation of a loan application and your own reasons for not originating a loan.
Click your desired category of messages and follow the link to those particular messages: