What does LP stand for?

Loan Prospector

This definition appears very rarely and is found in the following Acronym Finder categories:

Business, finance, etc.

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Samples in periodicals archive:

Costa Mesa, California-based PriceMyLoan (PML) announced the release of an integration to Freddie Mac's Loan Prospector[R] automated underwriting system, designed to allow originators to obtain decisions from Loan Prospector from within the PML system.

PriceMyLoan integrates with Freddie Mac's Loan Prospector

Though the adoption of the TOTAL Mortgage Scorecard has the most impact on appraisers, it's not the only change in Loan Prospector: * Effective January 2, 2004, Freddie Mac required lenders to use Loan Prospector for mortgages secured by manufactured homes.

MISMO and XML: keeping up with the mortgage industry

Though the details of Loan Prospector are proprietary secrets, Freddie Mac has confirmed that the system orders and runs credit-file data through statistical models to evaluate borrower risk.

Suit alleges Freddie Mac failed to disclose that credit file ...

Specifically, Freddie Mac expects that more mortgages submitted to Loan Prospector will get an "accept" response as a result of the changes, according to Paul Mullings, senior vice president of single family sourcing at Freddie Mac.

Freddie Mac announces changes to Loan Prospector, Home Possible

Yet they were rated "Accept-Plus" by Loan Prospector - excellent risks, deserving market-rate treatment.

HIGH DEBT-TO-INCOME RATIO WON'T ALWAYS BREAK DEAL

Decision Assist also enables lenders to secure underwriting through Fannie Mae's Desktop Underwriter (DU) or Freddie Mac's Loan Prospector (LP) to assist in underwriting.

OpenClose Reaches 55,000 Customers

The process began last December when Irvine, California-based Greenlight Financial Services electronically originated a single-family mortgage using Freddie Mac's Internet-based automated underwriting service, Loan Prospector.

Wells Fargo announces eMortgage sale to Freddie Mac

5 bundled services platform and Loan Prospector (R), Freddie Mac's automated underwriting service.

SharperLending Interfaces with Freddie Mac; Bundled Services Platform ...