Product Hatching Ideas

LTV and CLTV in Marksman is not Truncated/Rounded Correctly

Fannie Mae products need to be calculated out to 3 decimal places---truncate the third decimal place and round up to the nearest percent.

Freddie Mac should be calculated out to 2 decimal places and round up to the nearest whole number.

This calculation should be used for applying adjustments (LLPAs) and also as shutoffs---looks like we are just rounding up and not truncating the third decimal place.

See attached for Fannie Mae and Freddie Mac requirements.

  • Lori Rezac
  • May 8 2017
  • Moved to Prioritzation
  • Attach files