Mortgage Prequalification Software
Developed by the Federal Reserve
Reserve recently developed a software package called "Partners"
to assist lenders and community groups in prequalifying low- and
moderate-income loan applicants. Although the FDIC does not require
the use of any particular software package in conjunction with an
institution's mortgage lending, the FDIC is making "Partners" available
to FDIC-supervised banks and other organizations.
diskette can be used to install "Partners." It is designed to run
in an MS Windows 3.1 or higher environment. The company brochure
provides additional information about the software and instructions
this software can be directed to the Federal Reserve Bank and contacts
listed in the brochure or the "Partners" technical assistance hotline
at (404) 589-7358.
to this Financial Institution Letter is not currently available
in electronic format. Until it is in a form that will allow us to
post it to the internet, you may obtain hard copy or fax from:
ph: (703) 562-2200
FDIC-Supervised Banks (Commercial and Savings)