Well Captain Pat let me say thank you for forcing me to educate myself a little bit today. I had no idea what LP or DU referred to and I assumed that it was not finding but a miss spell for funding. Well, I was wrong. Here is what I found out. LP = Loan Prospector while DU = Desktop Underwriter.
The Primary function of the Mortgage Loan Prospector is to make outbound / inbound phone calls from provided database lists to generate and secure mortgage and/or real estate leads. This position is accountable for proactively calling on residential homeowners to discuss their current mortgage situation.
Desktop Underwriter (DUÂ®) is an automated underwriting system and can help automate the loan origination process, take the guesswork out of underwriting, and shave costs and time off your entire workflow. In fact, with DU, lenders can process mortgage loan applications in 15 minutes or less. DU enables all your business channels, including retail, wholesale, correspondent, Internet/call center, and point of sale.
SO Captain, I hope this helps and at the very least thank you for the education.
Linda J Sears