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Financial Institution Letters
February 23, 1996
EXECUTIVE OFFICER and
Mortgage Prequalification Software
Developed by the Federal Reserve
| The Federal
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.
The enclosed 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 for installation.
Questions concerning 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.
The attachment 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:
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