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Prime Alliance: RESPA and Partial Credits on the GFE

Today I wanted to share the following article with you titles RESPA and Partial Credits on the GFE . It was written by Aaron Nelson, Product Development Manager, Prime Alliance Solutions, Inc. “Recently Prime Alliance Solutions has received several inquiries around the topic of “Partial Credits” for Borrower Closing Costs, which might be paid for by

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PA Tip of the Week: Fannie Mae’s LQI

The focus for this week is on Fannie Mae’s Loan Quality Initiative. I know many of our Prime Alliance clients have asked for more detail on how the platform is or will be dealing with these initiatives, and in response I wanted to share some documentation with all of you. The first is PA response

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Prime Alliance release update

As of last night on July 20th, Prime Alliance has updated your production environment to release 9.3.2. This release is to support the one of changes announced in Fannie Mae’s Loan Quality Initiative (LQI), which is the Debt-to-Income calculation sent to Fannie Mae’s Loan Delivery System. Currently, Prime Alliance includes debts with less than 10 months

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About Lender*VP

Lender*VP delivers to your credit union a team of experienced lending professionals that will take over the task of driving the success of your loan department. The Lender*VP team has years of on-the-street credit union lending experience, combined with an intimate knowledge of CU*BASE tools. Services provided range from PayDay Lending, Consulting, and a variety of Loan Delivery Channels to ensure credit unions can remain competitive in the fast-paced lending environment. We can make sure you know what products you need, get them off the ground quickly, and drive them to success.

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