Loan Prospector, now known as Loan Product Advisor (LPA), is Freddie Mac's automated underwriting system (AUS). It evaluates the credit risk of mortgage loan applications by analyzing borrower credit history, income, assets, and other relevant factors. LPA provides lenders with feedback and recommendations to help them make informed credit decisions, identify potential risks, and streamline the loan origination process. It is commonly used to determine if a loan meets Freddie Mac's eligibility requirements for purchase or guarantee.
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