Different values of LQI
are obtained from packets sent at the same distance.
In the LQI
controller, the performance index is given by
also recommends that lenders establish processes to identify all of an applicant's liabilities, including those that occurred during the "quiet period"--the time between application and the closing of the loan.
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requires lenders to validate borrower identity, Social Security numbers, undisclosed liabilities, and inclusion on the GSA [U.
This is evident in a host of pre-tunding verification and validation requirements embedded in Fannie's LQI
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For more information on Kroll Factual Data's LQI
and other services, call 800-929-3400, or visit the company's website at www.
Part of the reason is that Fannie Mae's LQI
requires lenders to verify the borrower's identity and income at the very beginning of the loan process, then recheck a borrower's information again before closing to make sure nothing has changed since the loan application was submitted.
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La Quinta Corp.
In response, Fannie Mae's LQI
requires much more attention to detail and accuracy in the gathering of data supporting a loan application, and the UMDP ensures that whatever data are gathered can be independently examined and reverified by investors.