Plus: Upcoming Training Opportunities
Plus: Upcoming Training Opportunities
U.S. Bank Operations Updates
Plus: Upcoming training opportunities

U.S. Bank Operations Updates
Compliance Issues
If you want to discuss loan deficiencies where you have a difference of opinion on a compliance issue, please contact U.S. Bank at
Only use this address for compliance issues and not for regular deficiency questions or status updates. See this and other contacts on our U.S. Bank and Minnesota Housing contact sheet
Tips for Reducing Deficiencies
Reduce common deficiencies and get your loans purchased by U.S. Bank more quickly with these tips:
  • TRID compliance:
    • Provide the LE and CD to borrower and document receipt
    • Provide "Written List of Providers" and disclose it properly
  • Ensure the information on the security instruments (note and mortgage) is complete and correct
  • Ensure the pay history is complete
  • Assign/endorse the second mortgage to Minnesota Housing
  • Validate that information submitted in the loan commitment system is true and accurate of the final loan information
  • After the loan has closed and prior to loan purchase, complete compliance/funding approval process (refer to pages 60-78 of the Loan Commitment System Process Guide)
Reminder: Register for Lender Input Session on March 15
As a valued Minnesota Housing lender partner, we invite you to join us on March 15 for a discussion on ways we can make our programs even better. For more information and to register for a session, please refer to our February 24 eNews.
Website Maintenance
Minnesota Housing’s website will undergo scheduled maintenance and will be unavailable from Saturday, March 5 at 9:00 p.m. to Sunday, March 6 at 10:00 a.m
This website maintenance does not affect the loan commitment system, which you can still access via this direct link during the website downtime.
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 web page for more details and register for these upcoming Webinars:
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.
400 Sibley Street, Suite 300 | Saint Paul, MN 55101 US
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