Speeding up the Loan Purchase Process:
To reduce deficiencies don’t forget to complete the True & Certify Process.
- After the loan has closed, review and verify that all information in the Minnesota Housing commitment system matches the executed note(s) and the closed loan file.
- Once you have confirmed the information in the Minnesota Housing commitment system is accurate, on the True & Certify screen, check the Approve box and click Save to affirm that the info in the system is accurate.
- Lastly, upload the entire closed loan package and credit file to the commitment system within two business days of True & Certifying the loan. Please refer to Page 38 of the Homeownership System Guide for instructions on uploading the entire closed loan file.