Transcription of Loan Prospector Documentation Matrix - …
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Loan Prospector Documentation Matrix - …
May 2018 loan Product Advisor Documentation Matrix Use the following information as a reference for documenting your loan Product Advisor loans. For complete Documentation information and specific program eligibility requirements, refer to the Freddie Mac Single-Family Seller/Servicer Guide (Guide). We recommend bookmarking the Guide link (Freddie Mac Guide URL page) for easy access to AllRegs. What Has Changed in this Reference? This reference is updated to coincide with new and significant changes to Documentation requirements announced in Guide Bulletins. Recent changes include: Topic Change Effective Date Bulletin Announcement General requirements for stable monthly income Updated to reinforce the requirement that the borrower must have a consistent level of income despite changes in the source of income. May 22, 2018 Bulletin 2018-8 (May 22, 2018) Credit report inquiries within previous 120 days Removed requirement for obtaining a letter from creditor or signed statement from the borrower on obtaining additional credit.
July 2018 www.FreddieMac.com/learn/ Loan Product Advisor® Documentation Matrix Use the following information as a reference for documenting your Loan …
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