Claim Loans for Top Producer Eligibility by June 30

In the June 15, 2016 eNews:
Top Producing Loan Officer Program | UPMI Benefits | 0% Origination Fee Recording
Upcoming Webinars | Questions?
Claim Your Loans by June 30 for Top Producing Loan Officer Program
Get recognized for your hard work! Ensure your loans are being counted towards the Minnesota Housing Top Producing Loan Officer Program. The deadline to be eligible for the next cycle is June 30. 
The Top Producing Loan Officer Program recognizes individual loan officers for production of Minnesota Housing first mortgage loans. The next recognition period includes loans purchase-approved between January 1, 2016 and June 30, 2016.
To receive credit for your loans purchase-approved during this time period:
  1. Contact your Web Administrator to validate you are set up as a contact to participate in the program.
  2. Purchase approve loans with your name in the loan commitment system by June 30. Learn how to claim your loans in this step-by-step guide.
We will announce the Top Producers in August 2016. Remember: Top Producers receive individual listings on the Lender Search and free marketing benefits, so be sure to claim your loans by June 30! 
How Upfront Paid Mortgage Insurance Can Help Your Clients
Looking for additional ways to save your clients money on their home purchase? Our Upfront Paid Mortgage Insurance (UPMI) option combined with an HFA Preferred™ or HFA Advantage℠ conventional loan may be a great fit for borrowers with credit scores above 720:
  • UPMI has a lower interest rate allowing for increased buying power.
  • For borrowers with 740+ FICO scores, Minnesota Housing reimburses the lender for the full MI premium at 97% LTV.
  • For borrowers with 740+ FICO scores, Minnesota Housing reimburses the lender for more than the premium at 95% LTV, which lenders can credit to the borrowers to reduce cash to close.
See our HFA Preferred™ Product Description and HFA Advantage℠ Product Description for requirements, and our Lock, Fee and SRP Guide for examples of how to use UPMI.
Critical Lender Update Recording: 0% Origination Fee Option

Miss out on the Critical Lender Update Webinars last week? Learn more about the new 0% Origination Fee option and changes to the online commitment system and rate page by viewing this 15-minute recorded training.
Need a Minnesota Housing Refresher?

Training is not just for loan officers! Our Webinars are just as important for underwriters, processors, closers and post-closers. Visit the training page for more details and register for these upcoming Webinars:
Questions?
You can reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 7:30 a.m. and 5:00 p.m. on business days.
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Minnesota Housing
400 Sibley Street, Suite 300 | Saint Paul, MN 55101 US
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