Underwriting: Reviewing Loan Prospector® Accepts & Cautions

Use the following resources to better understand Loan Prospector results - learn how to review and document conventional/conforming loan applications receiving an Accept or Caution risk class.

Easy to Print References
Documenting Lawful Residency Status for Non-U.S. Citizens
Freddie Mac Relief Refinance Mortgages [PDF 112K]     Updated
LTV, TLTV & HTLTV Ratios for Conforming Mortgages
LTV, TLTV & HTLTV Ratios for Super Conforming Mortgages
Loan Prospector® - How to Order Automated Underwriting and Merged Credit With or Without Reference Numbers [PDF 434K]
Loan Prospector - How to Order Automated Underwriting and Reorder Credit [PDF 917K]
Loan Prospector - How to Order Automated Underwriting with Reference Numbers [PDF 434K]
Loan Prospector - How to Order Merged Credit With or Without Reference Numbers [PDF 434K]
Loan Prospector Documentation Matrix [PDF 94K]     Updated
Loan Prospector Feedback Message Summary of Changes [PDF 32K]
Loan Prospector Feedback Messages (Cause & Resolution) [PDF 136K]
Loan Prospector Feedback Messages [PDF 494K]     Updated
Loan Prospector Functionality Guide [PDF 917K]     Updated
Ordering Merged Credit (LoanProspector.com System-to-System Access Method) [PDF 241K]     Updated
Overview of Recent Pricing and Credit Changes for Sellers
Selection and Use of Credit Scores [PDF 68K]
Super Conforming Processing Reminders for Loan Prospector Mortgages [PDF 141K]
Underwriting Reminders for Loan Prospector Caution Risk Class Mortgages [PDF 79K]     New
Underwriting Training and Education Resources [PDF 151K]
Using Loan Prospector Merged Credit Options (Loan Prospector Browser Access Method) [PDF 434K]     Updated

Online Self-study
Borrowers with Limited or No Credit - 30 min
Factors Used in Loan Prospector
How to Read a Credit Report

Training Events Workshop     Web Event
Loan Prospector Documentation Requirements - 2 hr
Overview of Recent Announcements and Guide Changes - 90 min
Underwriting with Loan Prospector - 1 day