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Homeownership Programs eNews
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November 20, 2024
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2024 Top Producing Loan Officer Eligibility Deadline – December 31
The Top Producing Loan Officer Program for Single Family Homeownership Loans recognizes individual participating loan officers annually for closing the highest number of Minnesota Housing loans.
To be considered a Top Producer, loan officers must close a minimum of two loans during the calendar year, with the True and Certify process completed. If you’ve switched companies during the year, you’ll receive credit for all loans originated as a loan officer with a Minnesota Housing participating lender, as long as you are correctly set up with your new company in the commitment system during the recognition period.
Minnesota Housing will announce the Top Producers during the first quarter of 2025 and will post results on our website in the Lender Directory.
Learn more about the Minnesota Housing Top Producing Loan Officer Program for Single Family Homeownership Loans or contact your Business Relations Representative for additional information.
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The Minnesota Housing Top Producing Loan Officer Program recognizes individual loan officers based solely on the number of Minnesota Housing first‐time homebuyer loans produced in one of the designated regions for the program on an annual basis. Designations are not intended as a formal referral or preference for individual loan officers and no financial or other measurable benefit is intended to be granted to loan officers on a preferential basis
Minnesota Housing Closed for Thanksgiving
Minnesota Housing will be closed on Thursday, November 28 and Friday, November 29 for Thanksgiving. Lenders will be unable to lock new loans between 5 p.m. on Wednesday, November 27 and 10 a.m. on Monday, December 2.
Start Up Required Form - Borrower Affidavit
The Borrower Affidavit is frequently missing from the signed Start Up closed loan package and a top deficiency from U.S. Bank Home Mortgage – HFA Division.
The Borrower Affidavit form is a Mortgage Revenue Bond (MRB) document and is required to be signed, dated and county and state added to the document at closing and submitted with your Start Up closed loan package.
A sample copy of the document can be reviewed in the Forms Guide and Glossary located in the Lender Toolkit on the Minnesota Housing website.
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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.
About Minnesota Housing
Minnesota Housing, the state’s housing finance agency, works to provide access to safe, stable and accessible housing Minnesotans can afford in a community of their choice. In 2023, the Agency distributed $1.85 billion in resources and served 69,500 households. Visit our website to learn more.
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In connection with Single Family Division loan programs, Minnesota Housing is neither an originator of loans nor a creditor and is not affiliated with any Lender. To find out if you are eligible, or to apply for a loan, please contact a participating Lender.
This eNews is not intended to constitute legal advice and is for general informational purposes only. If you have questions about federal law or how TILA RESPA Integrated Disclosures apply to your loan products, please contact your legal team.
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