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LP as of May 1stExpand / Collapse
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Posted 5/3/2007 10:40:33 AM
Supreme Being

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Group: Forum Members
Last Login: 11/26/2008 10:43:37 AM
Posts: 157, Visits: 410
Here is a link our company recieved.

http://www.loanprospector.com/news/may_construction.html

LP is getting rid of their Construction and Construction-Perm options.  Has Point been configured to correct these issue if someone sends a construction loan to LP?

Please advise.

Thank you,
Eric Lilly

Thank you,

Eric J. Lilly

Post #5054
Posted 5/3/2007 10:50:52 AM


Sepal

Sepal

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Last Login: Today @ 2:47:53 PM
Posts: 1,178, Visits: 9,204
You'll be fine if your using Point 5.4

Disclaimer:  This post carries no explicit or implied warranty. Nor is there any guarantee that the information contained in this post is accurate. It is offered in the hopes of helping others, but you use it at your own risk. The author will not be liable for any damages that occur as a result of using this post.
Post #5055
Posted 5/3/2007 11:10:02 AM
Supreme Being

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Last Login: 11/26/2008 10:43:37 AM
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Thank you for your fast responce.

- Eric Lilly

Thank you,

Eric J. Lilly

Post #5057
Posted 5/3/2007 12:29:29 PM
Supreme Being

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Group: Forum Members
Last Login: 11/26/2008 10:43:37 AM
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Is there an explanation as to what has been fixed, or what will change?  The LP rep on the phone earlier mentioned that a patch will correct this.  Ism assuming that was the 5.4 update.  Are there instructions for entering the Construction and Construction-Perm loans after the 20th of this month?

Thank you,

Eric J. Lilly

Post #5059
Posted 5/4/2007 2:19:08 PM
Junior Member

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Last Login: 11/26/2007 8:48:22 AM
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If you go to Interfaces > Freddie Mac > Loan App Pg 1

If Under Purpose of Loan , If you select "Construction" or "Construction/ Permanent"

There is a drop down list that opens up in the "If Construction Loan " It has the two new Freddie Mac Values.

Its very Simple

Enjoy!

PT

Post #5062
Posted 5/7/2007 7:22:31 AM
Supreme Being

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Group: Forum Members
Last Login: 11/26/2008 10:43:37 AM
Posts: 157, Visits: 410
Very very simple, thank you!

Thank you,

Eric J. Lilly

Post #5067
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