Freddie Mac LPA Batch
Freddie Mac LPA Batch Administrator and User Guide
Submitting URLA 2020 Loans to LPA
Use Freddie Mac LPA Batch option to submit one or more loans to Freddie Mac Loan Product Advisor from Encompass. You do not need to open your loans or remain logged into Encompass while the loan submissions take place. Once the loan submission is complete, an email notification will be sent to you. The maximum number of loans that can be submitted at a time is 50 – mirroring the number of loans displayed on each Pipeline page.
This feature applies to URLA 2020 loans only. You need to sign up for Freddie Mac’s URLA 2020 Pilot Program to be able to use this feature. For more information, see Participating in the URLA Limited Production Period.
Prerequisites
For users to be able to successfully submit loans to LPA in batches, the following conditions need to be met:
- You need to be a participant in Freddie Mac’s URLA 2020 Pilot Program
- Encompass administrators need to:
- Assign Freddie Mac’s Loan Product Advisor System to System login credentials to the users, by applying the Services Password Management setting
- Assign Personas with Freddie Mac LPA Batch enabled, for the user submitting the loans
- Enable specific fields in the Encompass Reporting Database
For more information, see Freddie Mac LPA Batch Administrator and User Guide.
- Only URLA 2020 loans with tri-merged credit reports are supported
Submitting Multiple Loans to Freddie Mac LPA
Once the Prerequisites are met, authorized users can submit one or more URLA 2020 loans with tri-merged credit reports to Freddie Mac LPA.
To Submit Batch Loans to Freddie Mac LPA:
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Go to the Pipeline and select your loans.
If you want to submit all loans on a Pipeline page, right-click a loan, and click Select All on This Page.
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Click the Pipeline menu, point to GSE Services, and then click Freddie Mac LPA Batch, OR,
Right-click the loan you want to export, point to GSE Services, and then click Freddie Mac LPA Batch.
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In the Freddie Mac’s Loan Product Advisor Request window:
- Verify that the non-editable fields such as User ID, Authentication Password, are pre-populated.
- Confirm that the Emails to Notify field includes the address(es) to which notification emails will be sent when the order is completed. Update this field, if needed.
- Click the Submit button.
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In the confirmation window, click OK.
Email Notification:
After you have submitted your loans to Freddie Mac LPA using the batch process, you can close and exit Encompass. When your loans are processed, you will receive an Encompass LPA Batch Order Process Notification email from services@elliemae.com documenting the details of your submission, including the status and action items.
For more information, see Freddie Mac LPA Batch Administrator and User Guide.