Getting Your Loans Purchased Faster
We know that reducing the risk of incurring forbearance fees is on the top of lenders minds right now, so we want to partner with you to get your loans purchased faster to reduce that risk.
Deliver Loans ASAP After Closing
You can do your part to speed up the loan purchase process and reduce the risk of incurring forbearance fees by delivering your loans to U.S. Bank Home Mortgage—HFA Division as soon as possible after closing. If you do not work in the post-closing area of your organization, please help by forwarding this message to the post-closing staff responsible for uploading the closed loan packages to U.S. Bank.
Streamlined Start Up Documentation
To help speed up loan purchase we have reduced the compliance burden on our Start Up loans by eliminating several document requirements recently.
- 3 Year Tax Return/Transcript requirement removed – see above
- Property Seller Affidavit requirement removed – see 3.30.20 eNews
- Personal Property Addendum eliminated – see 3.30.20 eNews
We are also looking at other ways we can partner with U.S. Bank to speed up loan purchase and securitization.