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Information for Single-Family
Lending and
Real Estate Professionals
Program Announcement
October 17, 2016
Lakeview Loan Servicing Reservation Start Date 10/24/2016
The Washington State Housing Finance Commission is pleased to announce the reservation start date with Lakeview Loan Servicing, (LLS) as our additional loan servicer. We would like to thank all of you for your patience during this transition.
Reminder:
In order to participate:
- Your company must sign the Mortgage
Origination Agreement found here:
www.wshfc.org/sf/LoanServicerDocuments.htm
and - Your company must already be
approved with Lakeview Loan Servicing.
If you are not approved with LLS please contact them at CRM@lakeviewloanservicing.com for required documents.
LLS will begin accepting new reservations in our system at 9:00 AM Pacific Time, Monday, October 24, 2016, for lenders meeting the above requirements.
Important Changes:
Lakeview Loan Servicing will purchase Home Advantage FHA, VA and USDA loans.
All borrowers must have a minimum 620 credit score.
Manual Underwriting allowed for FHA only.
Limited 203K loans.
No Manufactured Homes.
Here you will find the product matrix for Lakeview Loan Servicing: http://www.wshfc.org/sf/LakeviewLoanServicingHomeAdvantageGovernmentLoanPrograms.pdf
ServiSolutions will continue to purchase Home Advantage
Conventional loans and all House Key
loans.
Here you will find the product matrix for ServiSolutions:
http://www.wshfc.org/sf/ServiSolutionsMatrix.pdf
Manual updates with further Lakeview Loan Servicing contact information, underwriting guidelines, closing/funding instruction along with shipping checklists, as well as additional trainings will be available soon.
Please contact Corinna.obar@wshfc.org if you have additional questions.