Consumers rely on real estate professionals and lenders to provide information and assist them during the home purchase process.IFA Participating Lenders are expected to answer borrower questions about available programs, complete the required loan and bond documents and keep the borrower apprised of the loan status. Specific lender responsibilities include:
Completing applications for FirstHome and FirstHome Plus loans
Registering FirstHome and FirstHome Plus loans to lock in the interest rate and reserve funds
Providing timely completion of required loan and bond documents
Submitting the loan to the master servicer for purchase
Convetional FirstHome/FirstHome Plus January 2008 Countrywide Home Loans – Kristi Pak This training demonstrates how to work with Countrywide as the master servicer, provides assistance with loan registration at the Countrywide Web site and relays additional training opportunities Fannie Mae This training provides an overview of guidelines for FannieMae loan products, underwriting and DU. IBMC – Pam Kucera IBMC's full-service program offers underwriting for community lenders. USDA – Heather Honkomp This training gives an overview of USDA guidelines for Rurual Development loans.
More information For more information about the Iowa Finance Authority's single-family programs or to learn how to become an IFA Participating Lender, please contact Irene Hardisty at 800.432.7230.
