 Reminder: U.S. Bank Address Changes
On September 8, 2023 U.S. Bank Home Mortgage released a Seller Guide Update (SEL 2023-052) announcing updates to the delivery address for original notes. This became effective October 1, 2023. See SEL 2023-052 for details on the address updates.
The Assignment of Mortgage and Endorsement of Note Instructions has been updated to reflect the changes.
Importance of True & Certify
Avoid loan purchase delays by completing the True & Certify process as soon as your loan has closed. The information in Minnesota Housing's commitment system must match the closed loan file, so verify the information in our system is correct before completing the True & Certify. Review the file information, including:
- Minnesota Housing program eligibility income and loan qualifying income
- Correct AUS findings matching locked commitment system
- Product and/or program for first and second mortgage, if applicable
- Property value and loan amounts
- Loan officer name and NMLS# are listed
- All borrower and co-signers listed correctly
Once all information has been verified, check the box to complete the True & Certify process in the Minnesota Housing commitment system. Upload the closed loan file for both the commitment system and U.S. Bank Home Mortgage - HFA Division.
Need a refresher? Review the demo on True & Certify.
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Monthly Training Webinars - Register Today!
Join Minnesota Housing for our monthly webinar series. These trainings lay out the basics of Start Up, Step Up, and our three Downpayment and Closing Cost loan options. We also offer Navigating Conventional Loans and a training specific to Income Essentials. These webinars also provide tips and best practices to help you successfully originate and close Minnesota Housing loans.
Join Us at an Upcoming Event
We partner with lenders and real estate professionals at community events throughout the state to provide information, resources, and unique opportunities to connect and empower Minnesotans to succeed in their housing goals.
Contact El Karnwie-Tuah to learn more about partnering with us at these or other upcoming events, or come and check out our booth!
- October 8: Open Streets Lyndale
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Monthly Update & Hot Topics Call
The Monthly Update & Hot Topics Call is open for everyone to attend, not just underwriters. During these calls we review recent Minnesota Housing updates and important information to help you originate and process our loans. Lenders are welcome to submit questions or topics to discuss on the call. This is a great venue to have more in-depth discussion on advanced topics.
Register for the upcoming calls.
When you register, you will be signed up for all sessions in the series but can attend the sessions that work for you. Calls occur on the second Thursday of the month from 9 a.m. - 10 a.m. Central time.
Upcoming Sessions:
- Thursday, October 12
- Thursday, November 9
eLearning Training Courses
Are you interested in learning more about Minnesota Housing loan programs, requirements, and how they work? The eLearning training courses are a great place to start. These self-paced training modules lay out the basics of the Start Up and Step Up programs, eligibility and income requirements, down payment and closing cost loans, and much more! To view a complete list of courses, visit the Homeownership Training page and select eLearning Courses.
Questions?
You can reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 8 a.m. and 5 p.m. on business days.
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