Product Hatching Ideas

Open up hard coded LTV on FHA products

Marksman does a hard shut off at  >97.75% of the requested loan amount on all loan purposes.

  • Anna Deibert
  • Feb 17 2017
  • Already exists
Workaround Present No
Impact to Existing Customers All
  • Attach files
  • Admin
    Lori Rezac commented
    February 22, 2017 23:15

    This may be a part of a bigger project regarding the rates page.  This has been prioritized in the backlog

    This impacts eligibility for products such as HUD 184 and REO (which both allow over the allotted 97.75).  We also have problems with Streamlines with credit as this is also limited to 97.75%.

  • Admin
    Lori Rezac commented
    February 27, 2017 22:52

    We need to determine all the products and programs this impacts, as well as the specific loan purposes.

  • Admin
    Lori Rezac commented
    March 17, 2017 19:15

    See MP-448 for further explanation on the hard coded shut offs