Question

The LPA or loan product advisor feedback certificate summarizes weather a mortgage will be eligible for purchase by Freddie Mac , what certificate is described?

- there is a strong indication that the loan contains excessive layering of risk and that the borrower's credit worthiness is unlikely

A) caution
B) accept/ eligible
C) accept / eligible LPA minus offering
D) accept/ ineligible

Answer 1

The certificate described is the accept/ ineligible LPA minus offering certificate.

Correct option is D.

Step-by-step explanation:

The certificate that is described is the accept/ ineligible LPA minus offering certificate. This certificate indicates that the loan contains excessive layering of risk and the borrower's creditworthiness is unlikely.