Viju, Renter in Cambrian, San Jose, CA

Who is a loan originator in an banks automated loan application system?

Asked by Viju, Cambrian, San Jose, CA Wed May 1, 2013

Help the community by answering this question:


Hi Viju,

Your question is not clear.

Please call or email me for any mortgage related question.

NMLS 327086
0 votes Thank Flag Link Wed May 1, 2013
Are you refering to the Software knowns as LP ( or Loan Prospector)?

The two major mortgage underwriting corporations, Freddie Mac and Fannie Mae use that automated program to give its lenders and idea if a potential borrower will be able to qualify for a new mortgage debt. It is simply the first step in the process of getting a mortgage underwritten.
0 votes Thank Flag Link Wed May 1, 2013
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