October 2019
Most Frequent Loan Purchase Suspense Trends
This month's most frequent loan purchase suspense trends are:

  1. Missing Alta 9 or cleared survey (included in last month's list and still a trend)
  2. Missing MIN Summary for 1st Note (included in last month's list and still a trend)
  3. Missing evidence that the UFMIP has been paid for FHA loans
  4. Missing stamped certificed true copy of the DPA Deed of Trust of evidence that it's been recorded
  5. For MHDC Loans: Missing Approval Form 195
4th Quarter Leading Lenders Announced!
Each quarter, AHFA recognizes the top loan officers who are closing the most deals using AHFA homeownership programs: Step Up, Affordable Income Subsidy Grant, and Mortgage Credit Certificates.

The top 3 Leading Lenders for Fiscal Year 2019, 4th Quarter are, in alphabetical order:

Congratulations to these lenders! We appreciate them utilizing our programs to make buying a home more affordable for Alabamians.

Stay tuned to find out who took home Leading Leading and Processor of the Year for FY19!
Want To Know More About AHFA Programs?
We'll come train you on the benefits of our homebuyer programs and how to utilize them. Our Step Up down payment assistance program and Mortgage Credit Certificates help make homebuying more affordable and help more people qualify to buy a home.

Want to know the details? We offer onsite, in-person training for all mortgage professionals! These classes include training on our programs, borrower and property eligibility, processing, documentation, income calculations and more.

Contact us today to schedule a date and time! Email Cathy James at   cjames@ahfa.com .
Alabama Housing Finance Authority | www.AHFA.com