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Information for Single-Family Lending and Real Estate Professionals
 
Program Announcement

July 26, 2016
Make Up Training | Changes to Transfer of Servicing Rights and Loan Purchases/Delivery

Make Up Training

If you missed the previous mandatory trainings offered by ServiSolutions, here is another opportunity to attend the webinar.

ServiSolutions conducted mandatory training webinars for all participating lenders for the updated funding and delivery processes and procedures effective as of 7/15/16. The attendees should be crucial staff involved in the shipping/funding area as only 2 lines per lender will be available. Please register for “Make up Training Loan Purchase Revisions” only.

Registration link provided below.

Lisa Treece invites you to attend a Web seminar using WebEx. This event requires registration.

Topic: Make Up Training Loan Purchase Revisions
Host: Lisa Treece
Date and Time:
Tuesday, August 2, 2016 1:00 pm, Central Daylight Time (Chicago, GMT-05:00)
Tuesday, August 2, 2016 11:00 am, Pacific Daylight Time (San Francisco, GMT-07:00)

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To register for the online event
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1. Go to https://ahfaevents.webex.com/ahfaevents/onstage/g.php?MTID=e9392e24850f7689a1029535a91aa6383

2. Click "Register".

3. On the registration form, enter your information and then click "Submit".

Once the host approves your registration, you will receive a confirmation email message with instructions on how to join the event.

   

Important Changes
Section 12- Loan Purchase and Delivery

Delivery of Closed Loans-For loans closing on or after July 15, 2016, will be subject to the changes found in Section 12 of the manual:

All loans to be interim serviced by originating lender until the loan is purchased by ServiSolutions.
 

Loans must be purchased by Day 41 after loan closing. Loans not purchased by Day 41 will be assessed a 50 basis point fee in addition to applicable extension fees.
 

If the loan is not cleared for purchased by Day 71 from date of loan closing, the loan will be returned to the originating lender and the loan(s) will not be purchased.
 

Lenders are allowed one change per calendar year to their wiring instructions. Additional changes will cost $500 per change. Please plan accordingly.

http://www.wshfc.org/sf/downloads.html

Please review manual changes in their entirety. Thank you for your patience throughout this process.

Please contact Corinna.obar@wshfc.org if you have any additional questions.

     

 
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