[The latest news for Minnesota Housing homeownership lender partners]
Updated Interest Rate Page and Expanded Disclosure Options
Updated Interest Rate Page
On October 26, 2018, our interest rate page and loan commitment system will change to reflect pricing options based on Service Release Premium (SRP) instead of origination fee (1% or 0%).
The column headers will look different:
Expanded Disclosure Options
Effective immediately, lenders may now choose to disclose the 1% or 0% fee as either an origination fee or a discount point. The SRP structuring will remain unchanged.
See chart below for more details:
U.S. Bank Home Mortgage Mailing Addresses
No documents or payments should be sent to U.S. Bank Home Mortgage's former location in Bedford, Ohio. Please ensure your systems and staff use the addresses shown in the following guidance documents:
Space Still Available at Our Fall Lender Trainings
New this fall, we’re offering in-person homeownership lender training events tailored to your role and location. In these interactive sessions, you’ll learn:
How to help borrowers and increase your book of business
Tips for successful loans
Updates to keep you in the know on our programs
Space is limited, so register now for these free trainings! For questions or to modify your registration, please contact Nicola Viana at 651.297.9510.
Originating and Closing
Minnesota Housing Loans Rochester
Thursday, November 15 from
10:00 a.m.–1:00 p.m.
Who: Anyone working with Minnesota Housing home mortgage programs
Where: Rochester Community and Technical College, Heintz Center Campus, Rochester
Monthly Minnesota Housing Update and Underwriter Call
Join us monthly to review recent Minnesota Housing updates and important information to help you originate and process our loans. Click here to register for monthly calls. You will be signed up for all sessions, but can attend the sessions that work for you. All calls occur on the second Thursday of the month from 9:00-10:00 a.m. CST. Next sessions are:
Thursday, November 8
Thursday, December 13
Thursday, January 10
More Training Opportunities
Our eLearning modules are a great way to learn if you can't make it to in-person trainings or if you want a refresher before you attend an in-person session. Modules are short and on-demand:
