LO GPT-Mortgage Consultation Tool

Example

If a mortgage broker is unsure about the LTV ratios allowed under Fannie Mae's conventional loans, LO GPT can provide specific, detailed information from the Fannie Mae Selling Guide.

Scenario

In a situation where the broker is assessing a borrower's eligibility for a loan that involves a non-occupant co-borrower, LO GPT could verify the impact on LTV ratios directly from the guide.

Example

A broker might need to confirm if a certain property qualifies for a USDA loan. LO GPT can quickly reference the USDA Loan Origination Handbook to verify eligibility criteria, such as geographical and income restrictions.

Scenario

When a broker needs to validate whether a rural property is eligible for a USDA loan, LO GPT can provide immediate clarity based on the property’s location and borrower’s income, ensuring compliance with USDA guidelines.

Example

When changes occur in mortgage insurance premiums or loan limit adjustments, LO GPT can inform users by referencing the latest documents, such as updated LLPAs from Freddie Mac or changes in FHA insurance premiums.

Scenario

If there’s an update in the LLPAs affecting loan pricing for different credit scores, LO GPT can provide the precise impact from the latest Freddie Mac guide, enabling brokers to adjust their loan pricing accurately.