Error code LP53

Error code LP53

If you receive this error code you need to follow these instructions accordingly. 



Go to the VOL in forms and look to make sure the account types are labeled correctly such as these two 0 month payments that need to be marked as collections.


Then mark the payment as 0.00 so it wont interfere. 


Finally run it through AUS and merge credit if there is more then 1 borrower. The LPA/Loan product numbers should be blank unless specified. Once ran those number will be found in the system.




    • Related Articles

    • Lender ID Error

      On the HUD 1003 Addendum form you can see on lines 13 and 14 the Lender I.D and Sponsor I.D.  Retrieve Leadner ID # from another FHA Loan. Closed or Open You can check to verify the Lender I.D code and there should be no Sponsor  I.D when running AUS ...
    • Freddie Mac LP - Initial Login and Setup

      For LP From Request Underwriting under the Services tab click Freddie Mac’s Loan Prospector for epass and submit. Go directly to the “Submit Loan to LP” option and follow the prompts. Credit on LP: On the credit screen, you will have to select ...
    • Freddie Mac's Loan Product Advisor System to System Tutorial

      Under the Services tab click “Request Underwriting”. Once this screen pops up, choose “Freddie Mac’s Loan Product Advisor for ePASS (Retiring by the end of 2018.) and select remove from my list. 2.) Click on the “All Providers” button and find the ...
    • How to run AUS for a loan with a Settlement One or Credit Plus Credit Report

      Running DO\DU: If the credit report was run through Settlement One Your account number is your Settlement One Username with D2- in front.  =  “D2-yourusername” (Don’t forget the dash! It needs to be D2-) Your password is the same password used to run ...
    • ERROR - TERMS_OF_LOAN / LIEN_PRIORITY_TYPE

      DU Error: Submitted Loan has Errors -------------------------------------------------------------------------------- Loan Application Data Errors -------------------------------------------------------------------------------- ERROR - TERMS_OF_LOAN / ...