[ The latest news for Minnesota Housing homeownership lender partners ]

Tips for Success: Cancelling Loans in the Commitment System

When a locked loan becomes inactive, you must cancel the lock in Minnesota Housing's commitment system. Examples of reasons to cancel:
  • Loan is denied
  • Borrower withdraws application
  • Income eligibility
  • Property falls through
  • Closing exceeds 90 days
The Homeownership System Guide provides guidance on how to complete the cancellation process.
Office Closed for the Holidays
Minnesota Housing will be closed on Wednesday, December 25 and Wednesday, January 1 for Christmas and New Year's Day. Lenders will be unable to lock new loans between 8:00 p.m. on the Tuesday before the office closure and 10:00 a.m. on the Thursday after each holiday.
Monthly Minnesota Housing Update & Underwriter Call: New Series Sign-up
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 the monthly calls.
Please note that if you signed up for the last series of calls, you'll need to register again for the next series. (The previous link has expired.) When you register, 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, January 9
  • Thursday, February 13
  • Thursday, March 12
eLearning and Recorded Trainings
Check out our quick, on-demand eLearning courses:
  • Intro to Minnesota Housing (10 minutes)
  • Start Up Eligibility Basics (10 minutes)
  • Start Up Income Training (25 minutes)
  • Start Up Forms (20 minutes)
  • Downpayment and Closing Cost Loans (10 minutes)
  • Post-closing (10 minutes)
  • Step Up Overview (10 minutes) NEW!
View the instructions to create an eLearning account to access these on-demand trainings. If you already created an account, view your training record and take the course.
Recorded Webinars (on-demand):
Enter your information, click on "Register" and the webinar will begin.
Questions?
You can reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 8:00 a.m. and 5:00 p.m. on business days.
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