Effected Programs:  All Programs

Effective Date: December 11, 2023

As previously announced in Lender Bulletin 2023-21, NJHMFA’s new Lender Portal will be released on December 11, 2023. This announcement serves as a reminder that the current Internet Loan Reservation System (ILRS) will be retired on December 8, 2023 at 2 PM, and the new portal will not be available until 10 AM on Monday, December 11, 2023. Plan your loan pipeline needs accordingly.

Here are a few key points for lenders to remember regarding the new Lender Portal:

• The new Lender Portal will be available at this web address: http://lenders.njhousing.gov/.

• Lock periods for the Homebuyer programs will now include both the initial 60 or 90 days to deliver the closed loan, plus the 30 days currently provided post-delivery to allow for the purchase timeline. The new initial lock periods will be 90 or 120 days, and no additional days will be provided unless the loan requires an at-cost extension. Lock prices will now be 102.75 for the 90-day lock and 102.375 for the 120-day lock.

• The PFRS product will have a new checklist, which is available on the Lender Resource site at www.NJHousing.gov.

• There are significant changes to the PFRS document upload and delivery process. Lenders will upload all documents directly into the new Lender Portal. The MetaSource/MetaWorx system will no longer be used for PFRS, and no paper copy of the closing package is needed. Only collateral documents, paper checks, and trailing loan documents need to be mailed to NJHMFA via overnight delivery.

• There is an updated Lender’s Guide on the NJHMFA site, with minor changes to procedural items.

Participating Lenders who missed the Lender Portal Training Sessions last week can attend a make-up session. 

Please click the link below to register.

December 12, 2023 at 10:30 am - Register

Questions? Need Help? 

If you have questions about one of our loan products or need help with a loan in the ILRS system, please e-mail your requests to SFLenders@njhmfa.gov.

Access Forms, Checklists, Policies, Previous Lender Bulletins, and More at the Lender Resources Page: www.njhousing.gov/lenders/lenderportal