Loan Product Advisor® to Generate Alphanumeric Values for LP Keys
January 31, 2018
Loan Product Advisor® will begin generating alphanumeric values for “LoanProspectorKeyIdentifier” (LP Key) this summer.
To prevent any disruption in your operations, we provided our vendors and technology partners with specifications in June 2017 to give them time to make the necessary updates – in the event your systems only generate numeric values.
Note: The number of LP Key characters will remain eight.
Prepare Any Additional Systems
Please review and prepare any additional systems that use or store LP Keys to ensure that alphanumeric values are accepted. The LP Key is assigned throughout the life of the loan and is included in Loan Closing Advisor℠, Loan Selling Advisor℠, Loan Quality Advisor® and the Correspondent Assignment Center.
We will provide you with the actual date that Loan Product Advisor will begin generating alphanumeric LP Keys in a future communication.
For More Information
If you have any questions or concerns, please contact your Freddie Mac Representative or Customer Support Contact Center (800-FREDDIE).