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Lp Error Borrowers Are Not Specified

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The following table contains abbreviations used in the messages sent from Loan Prospector: Abbreviation & > < # 2nd 2nds Accept Acct Actn Add Adtl Agri Alt Am Amt App Appt Your cache administrator is webmaster. Your cache administrator is webmaster. The transaction does not meet the criteria for Loan Prospector being able to assess with only one borrower having usable credit. weblink

Liquid assets must be greater than amount required to close the transaction (down payment, closing costs and prepaids). 3C ‘Total Debt’ must include PITI. ME Merged Credit Error: ~CRC_ME~ Returned on CONV loans. The transaction does not meet the criteria for Loan Prospector being able to assess with only one borrower having usable credit. Message Locations The following table includes types of messages presented in the Loan Prospector Results and the location of these messages. http://www.loanprospector.com/news/mergedcredit-qanda.html

Lp Feedback Messages

Check the borrower name. FK Unusable credit score - all must occupy prop for LP assmnt. Generated Thu, 01 Dec 2016 02:53:14 GMT by s_hp84 (squid/3.5.20) ERROR The requested URL could not be retrieved The following error was encountered while trying to retrieve the URL: http://0.0.0.4/ Connection

Generated Thu, 01 Dec 2016 02:53:14 GMT by s_hp84 (squid/3.5.20) Please try the request again. Code Ineligible Status Messages Clarification/Recommended Action 38 Occupancy must be Primary Residence for all Hm Poss loans. Loan Prospector Merged Credit Error Invalid file format.

Verify and re-submit. Lp Findings If error recurs, please contact your sponsoring Seller/Servicer.” 12 “Processing error 12. The transaction does not meet the criteria for Loan Prospector being able to assess with only one borrower having usable credit. January 2016 www.FreddieMac.com/learn Page 7 Loan Prospector Feedback Message Cause and Resolution Incomplete Status Messages This table lists some commonly seen feedback messages that may be returned from Loan Prospector with

If error recurs, please call 1-800FREDDIE” “Processing error 12. Loan Prospector Matrix If error recurs, please contact your sponsoring Seller/Servicer.” 20 “Processing error 20. If error recurs, check the LP.com status line by calling 1-800FREDDIE.” “Processing error 02 occurred on this application. If you are unable to resolve, the XML request and response file should be sent to Loan Prospector Customer Service to review.

Lp Findings

Please resubmit. Unable to process file. Lp Feedback Messages Make sure seller allowable financing concessions are not showing as sales concessions. Loan Prospector Help FG For LP, >50% total inc reqd from Borr w/usable credit score.

LP61 Unable to process file. Code Purchase Restriction Messages Clarification/Recommended Action C5 The loan was submitted with an LTV ratio of [LTV Ratio Check the loan terms against your Freddie Mac purchase Percent], which exceeds the For non-occupant borrowers, total debt must consist of proposed PITI on subject property, non-occupant housing debt (their primary residence) and other debt for all borrowers. Merged Credit Reference Number not valid with Reorder Credit Service. Loan Prospector User Guide

Check the occupancy type entered for the loan and update if needed. Check Buydown screen to ensure accurate information. Confirm accuracy of borrower name and SSN. For more information, refer to the specific purchase restrictions (s) returned for that loan.

Code Invalid Status Messages Clarification/Recommended Action 1E ‘Reserves’ must contain a $ amount = or > 0. Loan Type Ineligible - Maf Not Available For Fha Or Va. Please correct and resubmit. If problem persists, contact your system administrator.

is over the limit that would normally be eligible for purchase for a standard Guide product.

The transaction does not meet the criteria for Loan Prospector being able to assess with only one borrower having usable credit. Code Incomplete Status Messages Clarification/Recommended Action 11 No useable credit reports were received for borrower(s). password or seller number Verify and resubmit. Loan Prospector Non-occupant Co-borrower Check Buydown screen to ensure accurate information.

Message Type Message Location Processing Errors Messages provided while working online in Loan Prospector Invalid Status Messages Loan Prospector Invalid Messages page Ineligible Status Messages Loan Prospector Ineligible Messages page Incomplete These messages indicate why a transaction request is ineligible for Loan Prospector processing and would appear on a Loan Prospector Ineligible Messages page. FJ Unusable credit score - prim residence reqd for LP assmnt. These messages indicate why a transaction request could not be completed and would appear on a Loan Prospector Invalid Messages page.

textlab Search Explore Log in Create new account Loan Prospector Feedback Messages - Cause and Download Origin Embed Report Document technical information Format pdf Size 256.6 kB First found Jul Typically triggered for data validation errors:  Loan amount contains invalid amount  401k does not match any element of enumeration  Invalid marital status·  Service request must contain merged Generated Thu, 01 Dec 2016 02:53:14 GMT by s_hp84 (squid/3.5.20) ERROR The requested URL could not be retrieved The following error was encountered while trying to retrieve the URL: http://0.0.0.9/ Connection Invalid file format.

You may encounter two types of messages:   Processing Error Messages - Messages received online when a Loan Prospector submission cannot be processed. Correct and resubmit. Check accuracy of appraised value. Invalid file format.

If the property will not be occupied as a primary residence, the loan is not eligible as a Home Possible Mortgage. 75 TLTV is higher than maximum limit. Page 4 Loan Prospector Feedback Message Cause and Resolution Code Lender Message LP97 (cont.) January 2016 Third-Party Originator Message Potential Cause Recommended Action Typically triggered for XML errors:  Bracket character, Also refer to the product requirements provided in the Guide. 3L ‘Buydown Initial Adjustment Percentage’ must be valid. LP60 Unable to process file.

Feedback messages provide detailed information about the assessment of the loan application data.