Lp Error Purpose Of Refinance Is Ineligible.
Invalid Seller/TPO relationship. Do not input merged credit reference number for the specific borrower if ordering Reorder Credit Service for that borrower. 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. Could be due to setup problem, data mismatch, etc.
Feedback Messages - Messages received on the Loan Prospector Full Feedback Certificate and the Documentation Checklist. Also refer to the product requirements provided in the Guide. 3L ‘Buydown Initial Adjustment Percentage’ must be valid. Invalid file format. If error recurs, please contact your sponsoring Seller/Servicer.” 20 “Processing error 20. http://www.freddiemac.com/singlefamily/news/2010/1104_lp.html
Loan Prospector Error Codes
If problem persists, contact your system administrator. Incorrect or invalid TPO Invalid TPO ID, sponsoring number, Loan Prospector Seller ID, or password. FG For LP, >50% total inc reqd from Borr w/usable credit score. If error recurs, check the LP.com status line by calling 1-800FREDDIE.” “Processing error 02 occurred on this application.
Contact 800FREDDIE for additional information. Code Ineligible Status Messages Clarification/Recommended Action 38 Occupancy must be Primary Residence for all Hm Poss loans. Liquid assets must be greater than amount required to close the transaction (down payment, closing costs and prepaids). 3C ‘Total Debt’ must include PITI. Loan Prospector Merged Credit Error Your cache administrator is webmaster.
Check the borrower name. Please try the request again. for a purchase transaction mortgage without secondary financing secured by a 1-unit primary residence. http://textlab.io/doc/9168353/loan-prospector-feedback-messages---cause-and If you are unable to resolve, the XML request and response file should be sent to Loan Prospector Customer Service to review.
The transaction does not meet the criteria for Loan Prospector being able to assess with only one borrower having usable credit. 000 Freddie Mac Ineligible Your cache administrator is webmaster. Make sure seller allowable financing concessions are not showing as sales concessions. maximum allowable limit.
Loan Type Ineligible - Maf Not Available For Fha Or Va
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. FH Unusable credit score - C/O refi inelig for LP assmnt. Loan Prospector Error Codes The system returned: (22) Invalid argument The remote host or network may be down. Lp Findings HM LTV ratio must be between 11% and 125%.
These messages indicate why a transaction request could not be completed and would appear on a Loan Prospector Invalid Messages page. Check accuracy of appraised value. If you are unable to resolve, the XML request and response file should be sent to Loan Prospector Customer Service to review. Examples of each message type are provided further below with the reasons or clarifications on why the message was received, and recommended actions to resolve issues. Freddie Mac Lp Help
Your cache administrator is webmaster. Generated Thu, 01 Dec 2016 02:53:31 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://0.0.0.10/ Connection Verify and re-submit If error recurs, check the LP.com status line by calling 1-800FREDDIE.” Broker not setup with Wholesale lender to verify relationship Customer must register at URL provided by Wholesaler Unable to process file.
You may receive these errors online while you are working in Loan Prospector: Code Lender Message 02 “Processing error 02 occurred on this application. Loan Prospector Guidelines Check your Liability and REO Breakdown data. Verify and re-submit.
The system returned: (22) Invalid argument The remote host or network may be down.
If a refinance, verify that no purchase price is entered. These messages indicate why data problems prevented the transaction request from being completed and would appear on the Loan Prospector Incomplete Messages page. Loan Prospector is not designed to, and does not, furnish rationales or reasons for a lender’s decision to originate (or not to originate) a loan. Loan Prospector User Guide Check Buydown screen to ensure accurate information.
Confirm accuracy of borrower name and SSN. N/A Customer receives ‘Accept’, but Freddie Mac ‘Ineligible’ A common cause for this error is because the LTV or TLTV under purchase eligibility. 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.
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 N/A Invalid Seller/MSP relationship. Invalid file format. If error recurs, call 1-800- FREDDIE.” Seller does not have a relationship established with MSP/Contract Underwriting Seller must notify MSP/Contract Underwriting who will then contact Freddie Mac setup department to establish
Ensure your Declarations are accurate. 15 A foreclosure appears on the application. Unable to process file. LP61 Unable to process file. 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
Please try the request again. Breakdown and must be matched with the corresponding mortgage. Merged Credit Reference Number not valid with Reorder Credit Service. Check Buydown screen to ensure accurate information.
Please try the request again. If error recurs, please call 1-800FREDDIE” “Processing error 12. 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.
Invalid file format. Also refer to the product requirements provided in the Guide. 3G ‘Buydown Contributor’ must be a valid code. Do not choose merged credit for the Reorder Credit Service. password or seller number Verify and resubmit.
January 2016 The primary residence must be flagged as such in the REO Breakdown and must be matched with the corresponding mortgage.