enotes: now accepting lender participation

Did you know CHFA was the first Housing Finance Agency nationwide to accept an eNote? This new form of delivery was made available as a pilot to a few lenders and now we’d like to make it available to you!

Applicable programs

CHFA is currently able to accept First Lien and Second Lien eNotes on all our conventional programs:

• CHFA Preferred^sm
• CHFA Preferred^sm Very Low Income (VLIP)

We hope to provide this same level of delivery for our other programs in the future.

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Take advantage of faster processing and purchasing times while reducing documents you need to mail to CHFA!

If your company is interested, your corporate office should submit the following documents to Paige Omohundro. CHFA will then review and follow-up with the lender.

1. CHFA eMortgage Loan Approval Checklist (PDF)
2. CHFA eMortgage Loan Addendum (PDF)

Using a warehouse provider to deliver eNotes

If utilizing a warehouse provider to deliver eNotes, a tri-party agreement will need to be executed between CHFA, the lender, and the warehouse provider. CHFA will work with you and the warehouse provider of choice during this process.

Of note, CHFA has existing agreements with Bank of America and Texas Capital Bank.

Please submit the requested documents to Paige Omohundro to begin the process or to ask further questions.