Homeownership Programs eNews
December 3, 2020
[ The latest news for Minnesota Housing homeownership lender partners ]
Minnesota Housing Audit Requirement Changes
The following Minnesota Housing audit requirement changes are effective for all loans audited after January 1, 2021:
  • Lenders are required to cure all Level 3 and Level 4 audit exceptions listed on the Individual Case Summary (Audit Report) and the audit must be closed within 120 days of the report's issuance.
  • Lenders will not be charged a fee for non-MRB compliant loans if they have fewer than three such loans within a rolling three-year period.
  • The first six loans originated by a lender new to the Start Up Loan Program will incur no fee if any of those first six loans require alternative funding. Level 4 exceptions that cannot be cured render a loan ineligible for funding under Start Up.
If you have any questions, please contact the Quality Control Team at MNHousing.QC@state.mn.us.
Minnesota Housing is Hiring!
We are a mission-focused financial institution looking for a candidate for our Program Manager position to support the Homeownership and Home Improvement programs. The position focuses on Mortgage Revenue Bond (MRB)/Mortgage Credit Certificate (MCC) compliance, manual management (both internal and external), tracking and reporting on exceptions, annual renewals and reporting to both internal and external entities. In addition, the position supports team project work.
For more information and to apply, go to www.mn.gov.careers and search for job #42530.
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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www.mnhousing.gov
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