October 2018
Most Frequent Loan Purchase Suspense Trends

This month's most frequent loan purchase suspense trends seen are:
  1. Missing Letter of Explanation on excessive DU submissions
  2. Tax Information sheet is not completed fully
  3. The LDP/EPLS search has not been completed for ALL parties in the file 
  4. Evidence that PMI cert has been activated is not included
  5. Verbal Verification of Employment not submitted within 10 days of closing
ICYMI: Loan Delivery & Purchase  Guidelines

We have developed a new resource for lenders to help them better prepare mortgage loan documents and information to ensure loans are closed as quickly as possible. The Loan Delivery & Purchase Guidelines provides detailed information on all aspects of the loan delivery and purchase processes.

The documents may be found on the   ServiSolutions website on the pages that contain specific documents for each state's lenders:
If you have any questions about this new resource, please contact Lisa Treece at  ltreece@ahfa.com .
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Alabama Housing Finance Authority | Montgomery, AL | 334.244.9200 Email   Website