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Validation of data for DU/LPExpand / Collapse
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Posted 6/5/2006 7:14:36 AM
Supreme Being

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Group: Forum Members
Last Login: 10/8/2008 8:13:28 PM
Posts: 126, Visits: 152
Our LOs take applications. Our processors run AUS. If there is something in the file missing that needs to be there, LP/DU, etc. gives an error prior to running AUS - which means the file goes back to the LO to fix. Is there a way for the LO to run this validation check but not actually run LP or DU, etc.? It's been several years, but I want to say Byte had a feature like this.

Thanks,

Post #3305
Posted 6/5/2006 9:36:04 AM


Supreme Being

Supreme Being

Group: Moderators
Last Login: 12/21/2008 11:16:31 PM
Posts: 837, Visits: 1,901
New in version 5.3 (due for shipping June 15)

Freddie Mac Loan Prospector Interface Error Checking
Interface updates and new error messaging were added to the Freddie Mac interface to help eliminate problems when data is submitted to Loan Prospector.  Before submitting a loan to Loan Prospector, Point performs validations on certain areas of the loan file.  Those areas that have not been filled out correctly must be filled out before the loan file can be submitted to LP.

1. Liability Months Remaining
2. Liability Description Type
3. REO/Liability Matching


Bryan
Point Product Manager

Post #3309
Posted 6/5/2006 10:11:24 AM
Supreme Being

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Group: Forum Members
Last Login: 10/8/2008 8:13:28 PM
Posts: 126, Visits: 152
That's good.

What about general fields that are incomplete? EX: Declarations, HMDA, own/rent present address, etc.

Thanks,

Post #3310
Posted 6/5/2006 11:06:57 AM


Supreme Being

Supreme Being

Group: Moderators
Last Login: 12/21/2008 11:16:31 PM
Posts: 837, Visits: 1,901
Not yet.  But hold those thoughts. We may be making changes to the LP Interface in version 5.4 if we upgrade to LP version 4.0

Bryan
Point Product Manager
Post #3311
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