How do I make a pricing exception or concession on a loan?

A Price Concession is an available change request type. Originators can request a price concession at the time of lock request or on a file that is already in a ‘locked’ status via the Change Request screen. Once accepted, the price concession will be added as a static LLPA to the adjustments section on the file. The QM test is re-evaluated during this process.

Price Concession User Guide

Alternatively, you can adjust the price manually using the Change Adjustments section in the 2ndary Options Screen. Once saved, you can re-run the QM trace with new loan values to verify the loan still passes all QM tests.

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