RC_LP_U_303.3 Evaluating Loans with Loan Product Advisor
| Option | Price |
| Member | $50.00 |
| Non-Member | $100.00 |
Loan Product Advisor (LPA) is Freddie Mac’s automated underwriting system, designed to help lenders make informed credit decisions on both conventional and government loans. LPA reduces many of the manual processing and underwriting requirements associated with traditional mortgage underwriting.
Evaluating Loans with Loan Product Advisor provides a practical overview of how Freddie Mac uses LPA to assess loans. It begins with the LPA underwriting process, then explains LPA recommendations and feedback, including Risk Class and documentation levels. The course continues with a review of how LPA evaluates income and assets, along with its assessment of credit, liabilities, and collateral. Finally, it addresses LPA accuracy and resubmission requirements.
The intent of this course is not to teach system navigation but to highlight Freddie Mac guidelines related to LPA and explain how the system works in mortgage lending. Learners are assumed to have a basic understanding of underwriting principles.
This is a single-family/residential course.
- LPA Basics
- LPA Feedback, Risk Class, and Documentation Requirements
- LPA Review of Income and Assets
- LPA Review of Credit and Liabilities
- LPA Accuracy and Resubmission Requirements
Seat time approximately 2.5 hours.
Copyright 2025.