You Asked. We Answered with Loan Product Advisor Updates
September 27, 2018
In response to your feedback, Loan Product Advisor® is being updated on October 29, 2018, to combine Home Possible® and Home Possible Advantage® into one offering. This eliminates the need to maintain two separate offerings and provides enhanced credit flexibilities included in the Freddie Mac Single-Family Seller/Servicer Guide (Guide) Bulletin 2018-13.
We’re also updating Loan Product Advisor® on September 29, 2018, with changes announced in Guide Bulletin 2018-15 that include:
- Re-activating an authorized user tradeline feedback message. – October 4, 2018
- Allowing for super conforming mortgages (loans with original loan amounts greater than 1 million dollars) to be assessed when submitted through Loan Product Advisor. – December 19, 2018
Loan Product Advisor feedback messages have been updated to support these changes.
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