Coming in 2019: New Loan Commitment System for Minnesota Housing Loans
We strive to provide our lenders with the easiest and most user-friendly loan commitment process. That's why we're upgrading our Loan Commitment System to the latest technology to better serve you.
Powered by Mortgage Cadence, this new system will still be accessed online via the Minnesota Housing website, and will give you enhanced abilities to update products and programs, upload documents, enter loans without locking them, and more.
Lenders that participate in Start Up, Step Up, Fix Up, Quick Start, Rehabilitation Loan Program and Emergency/Accessibility Loan Programs will all use the new system.
We expect to roll out the new system in early 2019 and will keep you informed with updated timelines over the coming weeks.
A variety of trainings and guides on the new Loan Commitment System will be available. You'll be able to take trainings based on how you use the system, and both live and recorded options will be available. Stay tuned for registration information in an upcoming eNews.
Share Your Thoughts and Questions!
As we get the Loan Commitment System ready for rollout, we will keep you up to date about the progress and what you need to do to get ready. We're starting by compiling some Frequently Asked Questions and we want to hear from you. Submit your thoughts in this online form and review the latest FAQs, which will be updated regularly with answers to your questions.