Examples of Loan Prospector in a sentence
Eligible applicants must meet credit underwriting standards of the relevant insuring program, as evidenced by the approval of a Direct Endorsement underwriter or the insurer, program accepted, underwriting software, i.e. Loan Prospector (LP), Desktop Underwriter (DU).
Other banks that want to sell their mortgages in the secondary market use application software programs and scoring models developed by Fannie Mae (Desktop Underwriter, or DU) or Freddie Mac (Loan Prospector, or LP).
Conforming conventional loans must generally be approved by the Desktop Underwriter and Loan Prospector automated underwriting systems of Fannie Mae and Freddie Mac.
A risk class of “Accept” and purchase eligibility of “Freddie Mac Eligible” from Loan Prospector (LP).
Over time, this standard became automated as part of the computer software maintained by both GSEs, called Loan Prospector by Freddie Mac and Desktop Originator and Underwriter by Fannie Mae.
LP - Loan Prospector underwriting system (Freddie Mac) aka (AUS) automated underwriting system.
Under this writ, a plaintiG could plead that the defendant had wrongly done something (described as mis-feasance), such as wrongly (in the sense of poorly) mending a hole in the road.
A risk class of ‘‘Accept’’ and purchase eligibility of ‘‘Freddie Mac Eligible’’ from Loan Prospector (LP).
FHA also made a substantial number of revisions to its credit policies and reduced documentation requirements for loans assessed by Loan Prospector.
For any loan application that utilizes an automated underwriting system (e.g. Desktop Underwriter for Fannie Mae or Loan Prospector for Freddie Mac) offered to Broker for the purpose of issuing credit approval, Broker has properly and accurately input all income, debt and other information as stated on the loan application and as required by the applicable Guidelines.