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DRAFT Mountain West Financial and Freddie Mac Training Presenter: Jim Pronto April 2017 Note: This document is not a replacement or substitute for the requirements set forth in the Freddie Mac SingleFamily
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How to fill out freddie mac lp hpa

01
Start by gathering all the necessary information and documents required to fill out Freddie Mac LP HPA. This includes information about the borrower, the property, and the loan.
02
Fill out the borrower's personal and financial information accurately. This may include details about employment history, income, assets, and liabilities.
03
Provide information about the property being financed, such as its address, purchase price, and appraised value.
04
Enter the loan details, including loan type, interest rate, loan amount, and mortgage terms.
05
Fill out the HPA-related details specific to Freddie Mac requirements, such as mortgage insurance type and coverage, and any applicable loan-level price adjustments (LLPAs).
06
Double-check all the information entered for accuracy and completeness.
07
Submit the completed Freddie Mac LP HPA form as required by the appropriate party involved in the loan process.

Who needs freddie mac lp hpa?

01
Freddie Mac LP HPA is needed by mortgage lenders, underwriters, and investors who want to ensure compliance with the guidelines set forth by Freddie Mac.
02
It is commonly used in the loan origination process to assess the risk and eligibility of a mortgage loan that will be sold to or guaranteed by Freddie Mac.
03
Mortgage professionals, such as loan officers and mortgage brokers, also need to be familiar with Freddie Mac LP HPA in order to assist borrowers in submitting accurate and complete loan applications.
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Freddie Mac LP HPA stands for Freddie Mac Limited Power of Attorney. It is a document that grants limited powers to a designated individual or entity to act on behalf of Freddie Mac in specific matters.
Lenders and servicers who want to have the authority to act on behalf of Freddie Mac in specific matters are required to file Freddie Mac LP HPA.
Freddie Mac LP HPA can be filled out by following the instructions provided by Freddie Mac. Typically, it involves providing basic information about the lender or servicer, as well as specifying the limited powers being granted.
The purpose of Freddie Mac LP HPA is to authorize designated individuals or entities to act on behalf of Freddie Mac in specific matters, such as signing documents or making decisions related to Freddie Mac loans.
Freddie Mac LP HPA typically requires information about the lender or servicer, details of the limited powers being granted, and any specific instructions or restrictions.
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