Important Program Updates for Participating Lenders
December 4, 2018
Lender Bulletin 2018-13:
ILRS and MITAS Offline Dates
The NJHMFA Internet Loan Registration System (ILRS) and MITAS will be offline from 3 p.m. on Thursday, December 6, through the afternoon of Friday, December 7. You will not be able to register or make updates during this time.
Reservations may be available on the evening of Friday, December 7, and will be available no later than Monday morning.
Lenders that need to lock in rates to avoid any market movement may e-mail email@example.com on Thursday (after 3 p.m.) or Friday with the borrower’s name, property address, loan amount, product, rate and lock term.
If interest rates change during the offline period, NJHMFA will honor the lock requests made while the system was down.
In order to ensure your lock, you will need to complete the reservation within one business day from the date the system is back online and email SF Lenders with the reservation number, or else be subject to the higher of the requested lock or market conditions.