Transcription of Processing FHA TOTAL Mortgages - Freddie Mac …
{{id}} {{{paragraph}}}
Example: bachelor of science
Processing FHA TOTAL Mortgages - Freddie Mac …
July 2017 Processing FHA TOTAL Mortgages Introduction This reference contains information to help you process Federal Housing Administration (FHA) Mortgages using Freddie Mac loan product AdvisorSM, including information on data entry requirements, obtaining the required merged credit report, completing an assessment and the FHA TOTAL mortgage Scorecard Feedback Certificate. The FHA TOTAL mortgage Scorecard (FHA TOTAL ) is a credit assessment engine developed, housed and maintained by the Department of Housing and Urban Development (HUD) to assess the credit worthiness of FHA borrowers and to predict the default probability of FHA loan applicants. The credit data used in the assessment and FHA TOTAL results are FHA proprietary information and are passed through loan product advisor . loan product advisor provides access to FHA TOTAL and then presents the FHA TOTAL results. This section provides general guidance for Processing FHA loan applications using FHA TOTAL through loan product advisor .
July 2017 www.FreddieMac.com/learn/ Page 2 Processing FHA TOTAL Mortgages 1. Loan Product Advisor assesses eligibility for FHA TOTAL and prepares the data by …
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: