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Loan Analytics | Loan Analysis
Docu Prep's Loan Analysis is designed to help lenders determine compliance with federal, state and local specific high cost tests as well as loan specific statutes. APR, as well as Points and Fees, are some of the items taken into account during the loan analysis. Fannie Mae HOEPA thresholds for APR and Points and Fees calculations are also included. The analysis is performed at two separate stages to ensure compliance throughout the mortgage process. The first analysis is conducted prior to the compiling of the initial disclosure package. This is done to ensure the lender does not place a loan into process that is not compliant, thus costing them money for a loan that will never close. The second Loan Analysis is done prior to obtaining the closing documents. The Loan Analysis is generated with each redisclosure as well.