WINDOWS TO HOMEOWNERSHIP had a makeover! Hope you enjoy the new look!
|
|
Single Family Programs Newsletter
|
|
Update on HHF-DPA Program
Ronnow Ronnow, Director of Loan Operations
|
|
THDA would like to provide an update of the availability of the Hardest Hit Fund Down Payment Assistance (HHF-DPA) second mortgage loan program. As of February 20, 2018, $35,626,963 in funds were still available. These funds are based on a first-come first-served timing and are reserved only when a complete file has been submitted through THELMA, THDA’s on-line portal.
We anticipate these funds to be exhausted by the end of summer 2018 and will keep you informed on the status of the remaining funds through the following avenues:
- Weekly Blasts from our Customer Account Managers. If you do not receive these, please contact Toumie Parrot, tparrot@thda.org to be added to the distribution list.
- Our loan portal, THELMA, contains an announcement section on the login page and will be updated weekly: https://ols.thda.org. You do not need a username or password to reach the announcement page of the portal.
- Lenders with THELMA credentials can access a live update.
- Monthly newsletter-Windows to Homeownership
- "Great Choice TN" Facebook page: Join the group page for mortgage industry partners to stay informed on all THDA loan updates.
- Monthly notifications to Tennessee's Realtor® Associations
A
program end date
will be announced with a 45 day notice through all the listed avenues.
|
|
THDA Customer Account Managers enjoy building relationships with our lending partners across the state. They provide training, customer support, company co-branding marketing materials, and more to help build the businesses of THDA approved lenders.
Lydia Smith
, CAM for West Tennessee
, recently visited
Carey Fifer of Community Mortgage
in Cordova, TN, to discuss his experience with THDA.
|
|
L Smith:
Carey, how long have you been in the mortgage business?
C Fifer:
Twenty years.
L Smith:
What is the best part of your job?
C Fifer:
Providing mortgage financing options to help families purchase homes which also leads to building wealth in our community
L Smith:
Tell me about a memorable THDA borrower experience.
C Fifer:
A disabled veteran that had just recently had a spouse pass away, and the THDA Home of the Brave and the HHF $15k funds allowed him to move forward with purchasing a home and a brighter future.
L Smith:
Is there anything else you would like to add?
C Fifer:
I want to dispel the misconception that the THDA process is lengthy. With a sometimes less than a 24 hour turnaround underwriting timeframe, it allows for an expedited mortgage loan closing.
|
|
We are currently accepting sponsorship for this valuable education event. If you or your company is interested in sponsorship information, please email dneal@thda.org.
|
|
STATEWIDE
Monthly OA Rankings - January 31, 2018
|
|
Our total application production for January is $
33,184,197.
|
|
STATEWIDE
Year-to-Date OA Rankings through January 31, 2018
|
|
Our total application production through January is $33,184,197.
|
|
EAST TN REGION
OA Rankings through January 31, 2018
|
|
MIDDLE TN REGION
OA Rankings through January 31, 2018
|
|
WEST TN REGION
OA Rankings through January 31, 2018
|
|
TOP RECOGNITION:
Star Rewards & Top Honors
2018 Begins a New Start for Recognition
What is Star Rewards?
Star Rewards
are a way for THDA to recognize the contribution given by the processing staff in making the mortgage loan programs successful. THDA Star Rewards tracks outstanding performances by the O/A processors, who are recognized monthly for the previous month’s results and an annual award is presented to the processor with the most accumulated points in a 12 month period. One point will be awarded based on the completeness of each loan submission package.
The criteria to earn points for original (first) loan submissions are as follows:
- Loans submitted must have a completed Underwriting Submission Checklist with all THDA program documents completed, correct and credit package documents included in the file.
- The Buyer Profile sheet needs to be completed accurately to include the listing and selling agents names and license #, Originator’s name, Processor’s name, and the name of the builder if new construction.
If after review, the underwriter requests pre-close conditions, the file will not be eligible for the earned point.
What is Top Honors?
Top Honors
recognizes the top producers in various categories related to the mortgage loan. Recognition is made monthly and an annual award is presented to the top in each category for the year. The results are based on accuracy of data submitted with the loan application.
- Top Loan Originator: Most originated THDA loans
- Top Selling Agent: Most homes sold utilizing a THDA loan
- Top Listing Agent: Most homes listed utilizing a THDA loan when sold
- Top Builder: Most homes sold utilizing a THDA loan
|
|
Star Rewards Update
3 Perfect Loan Submissions
Connie Brewington,
Platinum Financial Funding
2 Perfect Loan Submissions
Mary Lou Johnson,
Mortgage Investors Group
Joan Moore
, Mortgage Investors Group
Derek Ryder
, F&M Bank
Neva Huddleston
, Everett Financial
Frederica Maxwell,
People's Home Equity
|
|
Top Honors Update
THDA Top Loan Originators
5 Closed Loans: Nick Hirschy,
Mortgage Investors Group
4 Closed Loans: Debbie Windisch,
Mortgage Investors Group
Stacy Flynn,
Mortgage Investors Group
3 Closed Loans: Brandy Deloach,
First Community Mortgage
David Cantrell,
People's Home Equity
Tammy Barr,
Everett Financial
Craig Sanders,
F & M Bank
Ruth Phillips,
Bancorpsouth Bank
Tracy Schmittou,
Fairway Independent Mortgage
Michael Worley,
Mortgage Investors Group
THDA Top Selling Agents
2 Closed Loans
:
Chris Phillips, April Harrington, Amanda Vega-Romero,
Leneiva Head, Darryl Martin, Allene Shannon
THDA Top Listing Agents
2 Closed Loans
:
Pam Beall, Kathy Holder, Sarah Richards, Ryan Whiteside
THDA Top Builders
3 Closed Loans: Ryan Homes
2 Closed Loans: LGI Homes, Clayton Homes
|
|
Results for Star Rewards and Top Honors are based on accuracy of data
submitted , for loans closed 1/1/18 to 1/31/18.
|
|
For mortgage related questions, please call the Single Family help desk at 615-815-2100 or email sfASK@thda.org.
|
|
|
|
|
|
|
