what does caivrs stand for

CAIVRS is "Credit Alert Verification and Reporting System; used by FHA lenders so that they can verify that a prospective borrower hasn't defaulted on an existing government-backed loan, nor is in default currently.

GSA is another tool that FHA lenders use - they look up on the "Excluded Parties List System" to ensure that no party to a transaction is on the list; they cannot lend if any are on the list.

LDP is Limited Denial of Participation - another tool for lenders to use in screening borrowers, etc. If anyone who is a party to a transaction is on the list, they're not allowed to be party to such a transaction.

I hope this helps.

Hi iluv,

Check out the given page for more information:
http://www.mortgagefit.com/know-how/ldp-gsa.html

Take a look at it. I hope it will help you.

Thanks