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This document provides instructions on obtaining merged credit reports through Loan Prospector, detailing the options for ordering various types of merged credit reports and guidelines for using these
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How to fill out ordering merged credit
How to fill out loan product advisor error:
01
Identify the specific error on the loan product advisor.
02
Determine the cause of the error, whether it is due to data input, system glitch, or other factors.
03
If possible, refer to the documentation or user guide provided for the loan product advisor to understand the correct way to input the information.
04
Double-check the information entered and ensure its accuracy.
05
If the error still persists, try restarting the loan product advisor software or contacting customer support for assistance.
Who needs loan product advisor error:
01
Individuals or institutions using loan product advisor software to assist in managing loan-related processes.
02
Loan officers or loan processors who rely on loan product advisor to streamline loan origination and evaluation.
03
Lenders or financial institutions looking to automate and improve the efficiency of their loan processing operations.
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People Also Ask about
What is the LPA code DQC0664?
DQC0664 Downpayment Funds Type is required for Purchase transactions when a Loan Program Idntifier of Home Possible or HFA Advantage is provided. Down payment information is required.
What is error code DQC0092 on Freddie Mac?
DQC0092 Project Legal Structure Type is required if Property In Project Indicator is true. Project Type (ProjectLegalStructureType) is required. Property was submitted as being in a project. Feedback Certificate Message has been updated to provide clarity to users.
What is DQC0664 down payment funds type?
DQC0664 Downpayment Funds Type is required for Purchase transactions when a Loan Program Idntifier of Home Possible or HFA Advantage is provided.
What is the code DQC0660?
N/A N/A DQC0660 Review for accuracy: Loan Identifier was not submitted and the value has been defaulted to Underwriting. If this value is not accurate, update the field with the correct value and resubmit. Review for accuracy: Loan Status Identifier was not submitted and the value has been defaulted to Underwriting.
What is the code FPA0100 for Freddie Mac?
If a property data report is not obtained, an appraisal is required. FPA0100 An interior and exterior Property Data Report is the minimum assessment required for sale to Freddie Mac.
What is error code DQC0660 on Freddie Mac?
Page. Purpose. N/A N/A DQC0660 Review for accuracy: Loan Identifier was not submitted and the value has been defaulted to Underwriting. If this value is not accurate, update the field with the correct value and resubmit.
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What is loan product advisor error?
A loan product advisor error refers to a discrepancy or mistake that occurs during the evaluation of loan applications within the Loan Product Advisor system, which is used to assess borrower eligibility and loan options.
Who is required to file loan product advisor error?
Typically, lenders or mortgage originators are required to file a loan product advisor error to report issues identified during the loan processing or underwriting stages.
How to fill out loan product advisor error?
To fill out a loan product advisor error, the lender must provide detailed information about the error encountered, including loan details, error codes, and any corrective actions taken or recommended for resolution.
What is the purpose of loan product advisor error?
The purpose of reporting a loan product advisor error is to ensure accurate assessment and processing of loan applications, helping to identify systemic issues, improve the evaluation process, and maintain compliance with lending standards.
What information must be reported on loan product advisor error?
Information that must be reported includes the loan application ID, error code, description of the error, affected loan details, date of occurrence, and any relevant comments or follow-up actions.
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