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How to do LDP/GSA correctly

Posted on: 15th Aug, 2008 09:24 pm
On a purchase I have a stip req clear rev of LDP/GSA list on all interested parties.How do I determine how many people I have to include....list agent,list agent,seller,buyer,LO,processor..where do I cut it off?
Hi bawa.

Welcome to the forum. You should contact with the US Department of Housing and Urban Development. You can get the Limited Denial of Participation List at http://www.hud.gov/offices/enforce/ecldp.cfm

Best of luck,
Larry
Posted on: 16th Aug, 2008 12:37 am
Please guide me on this
Posted on: 21st Aug, 2008 09:48 am
Hi Dulasiri,

You can check out the page referred by Larry in the post above.
Posted on: 23rd Aug, 2008 04:01 am
ALL PARTIES which means:

The listing agent, the selling agent, the seller, and the buyer.
Posted on: 01st Sep, 2008 09:16 pm
You check everyone/company involved in the transaction from the borrower to the closing title company
Posted on: 08th Mar, 2010 12:32 pm
you need the listing agent, buying agent, all sellers and buyers, title company and title agent, appraiser and appraisal company, broker company and broker. Thats it.
Posted on: 26th May, 2010 09:16 pm
Where is the Gsa website ??
Posted on: 19th Aug, 2010 02:28 pm
Welcome Dan,

You can check out the given page for GSA:
"http://www.gsa.gov/portal/category/100000"

Hope it helps you.
Posted on: 20th Aug, 2010 12:30 am
Never bumped into this stipulation before. The file I'm working on is a Refi. So I know I just need to focus on the on the borrower, LO, title company, title agent, appraiser, and appraisal company. My question is what is the proper format and documentation that needs to be prepared to fulfill LDP and GSA stip?

Is it safe to say that:

For LDP:
1. In reference to the HUD hyperlink mentioned earlier, we make sure none of the parties are on the list.
2. That we print out the existing LDP list and state that the all parties in the file are not present in the list.

For GSA:
1. In reference to the GSA hyperlink mentioned earlier, where in the website do we navigate to help out this stip?
2. Is there also a list like on the LDP stip that we need to cross reference?
3. What format of documentation do you need to provide? Is there a generic template that we need to follow?

Thanks in advance!
Posted on: 01st Feb, 2011 10:15 am
You should contact your lender and your attorney in order to get information in this regard.
Posted on: 01st Feb, 2011 11:53 pm
Hi JoCajita,

Regarding GSA search: First you will give Last name under basic search of EPLS site and of the party who involved in loan processing. First step is to give last name of party in Last name field and hit search. If you get results then you will again search with the party First name along with the last name and take the print out for documentation. If you did not get any result while searching the party name with last name you no need to search again with first name aswell. Becouse the party name will not there in EPLS site for sure.

Apologize If my answer is not related .

Thanks & Regards,
Naresh.G
Posted on: 02nd Feb, 2011 07:32 am
I am the listing agent, borrower doing conventional 10% down. Lender wants me to write a letter because I guess my name was checked with EPLS. Isnt' EPLS requirement only on loans government loans like FHA and not conventional?
Posted on: 10th Apr, 2012 01:31 pm
Hi Dart,

Your query has been replied to in the given page: http://www.mortgagefit.com/know-how/epls-fha.html

Please take a look at it. I hope it will help you.
Posted on: 10th Apr, 2012 11:46 pm
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