October 8, 2025

Lender Bulletin 2025-16

Mercer County Recording Delays

Affected: All Programs

Attention Lenders

We are aware that Mercer County is currently experiencing system issues with document recording that may affect title bringdowns. These challenges may result in delays or create added risk for title companies and lenders in confirming clear title at closing.

NJHMFA is monitoring the situation closely. In the meantime, we may accept Mercer County loans under the following conditions:

• Title insurance is in place at closing. Title policy is not permitted to have any exception related to these issues or any gap in time of recorded documents.

• The title company has indemnity agreements in place with both the buyer and seller.



• The lender signs an indemnification agreement with NJHMFA, agreeing to address any related issues to NJHMFA's satisfaction. This may include repurchase if other remediation efforts do not fully eliminate risk to the agency.

Please note that this allowance is at NJHMFA's sole discretion and may not be available for lenders with fewer than 5 pipeline loans with NJHMFA, or with less than 3 years of Participating Lender history with NJHMFA.

In addition to to title commitment review completed by NJHMFA prior to the loan purchase, final title policies will also be reviewed to ensure there are no unallowed exceptions. Loans may be returned to the lender if all rules are not met. We appreciate your cooperation as we work through these temporary challenges.