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Training Catalog: Course Description

Graphic Course: Web Conference TrainingLoan Prospector Documentation Requirements Graphic
  This 2-hour live webinar examines the documentation requirements needed to support your lending decision for mortgages assessed by Loan Prospector® . Those involved with loan origination, processing or underwriting can learn how to use the Loan Prospector Documentation Matrix, find out about the most recent changes to it, and discover underwriting 'hints and tips' not included in the matrix.  
  • This session is for Freddie Mac-approved Seller/Servicers ONLY, and not for the general public
  • A basic understanding of Loan Prospector functionality
  • New users should attend the two-part Getting Started with Loan Prospector webinars
  • Simultaneous access to the Internet (to receive the visual presentation) and a telephone (to receive audio)
  • Refer to the Documentation Matrix during the session
  Differentiate between the two levels of documentation in Loan Prospector. Understand the importance of file documentation. Identify efficiencies to reduce time and resources spent on an individual loan file.  
  • Streamlined Accept vs. Standard documentation levels
  • Verification of debts, employment, income and assets
  • General underwriting requirements
  • Resubmission requirements

Session times show Eastern Time zone