Help with Point: Freddie Mac FHA loans

BJ Bounds

BJ Bounds

Point 8.0 SP2 treats FHA loans submitted to Freddie Mac a little differently than before.  If you have attempted to submit an FHA loan and received this message:  “07 LP 41: You have requested automated underwriting with reference number which is not a valid request for an FHA total resubmission,” you will need to complete one more step before resubmitting.

For complete details, you can visit the Knowledge Base article, but here are the steps you’ll find:

To remove the credit reference number so that you can submit to Freddie Mac:

  • Open the Point file.
  • From the menu bar, select Interfaces > Freddie Mac > Addendum.
  • From the Merged Credit Reference Number (MCRN) section, remove the reference number next to the Borrower and Co-Borrower fields.
  • Resubmit the loan to Freddie Mac and then manually enter the credit reference number in the Freddie Mac site.

If you have an un-married co-borrower attached to your particular loan file, you’ll have to remove the credit reference number from that file as well.

You can always find helpful information on almost any of your Calyx Software questions on our Knowledge Base 24 hours a day or you can email support@calyxsoftware.com.

Calyx offers free phone support for all users of current accounts.  Call 800-342-2599 during office hours for additional help.

2 Responses to Help with Point: Freddie Mac FHA loans

  1. Tina Barker says:

    So when are they going to put out a “fix” on this?

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