Information for Lenders
All loan originating institutions working with our programs and directly with applicants are required to submit a Participating Lender Agreement by a signing authority, and remit an annual lender fee. New lenders will pay an Initial Fee. Existing lenders will pay a reduced Lender Renewal fee. These fees increase by roughly 2% every fiscal year. Please click here for current fees. This fee covers trained loan officers that will be listed as a participating loan officer.
Loan officers who are on our approved list are also required to sign a MOHCD agreement and attend an annual training. Mortgage Loan Officers will be removed from the participating lender list, regardless if the lending institution has paid the annual renewal fee.
WORKSHOPS & LENDER TRAININGS
Workshops provided for Re-Rental Certification, Escrow Officers, Real Estate Agents, Housing Counselors and Loan Officers. All workshops will be held at 1 South Van Ness Avenue, 5th floor, Conference Room 5080 from 9:30am to 12:30pm (unless *noted). To RSVP please contact email@example.com. See schedule below:
|Training Group||Third Thursday of every Month (Unless*)|
|Rental and Recertification - Property Managers and Leasing Agents||*March 14, 2018||June 21, 2018||October 18, 2018|
|Housing Counselors - Homeownership||*March 21, 2018||*August 2, 2018||November 15, 2018|
|Lenders - Loan Officers||March 15, 2018||August 16, 2018||TBD|
|Housing Counselors - Rental||-||September 20, 2018||TBD|
BMR Lender Training
Lenders who wish to participate with the BMR program must agree and understand that the City will place a second lien against the BMR property, which is the difference between the fair market value and the BMR sales price, referred to as the "BMR lien." The City will require Title Insurance for the BMR lien. The lender also understands that the restrictions in an Inclusionary Housing BMR unit will survive foreclosure. All participating loan agents must provide their NMLS ID# to MOHCD and sign the BMR Lender Agreement 2.16.2017.pdf
To become an approved BMR lender, lenders must also complete training for Loan Officers.
DALP & MCC Training
Mortgage Loan Officers (MLO) or mortgage brokers who would like to become a participating lender for MOHCD's homeownership programs, including DALP, MCC, PIC, TND and BMR, FRDALP must attend and complete the required training and pay the required fee. Each individual MLO or mortgage broker must complete training every year. All participating loan agents must provide their NMLS ID# to MOHCD and sign the HO Programs Lender Agreement 2.24.2017.pdf.
APPROVED LENDING OFFICER LIST
Borrowers need to work with one of our "Approved Lending Officers" before we'll start our subordination review process. The approved list is at:
BMR/DALP/MCC Approved Lending Officer List
AFTER TRAINING (next steps)
San Francisco Mayor's Office of Housing
DALP Manual and Forms
For questions about this training or MOHCD programs, please contact SF Mayor's Office of Housing and Community Development at :
415-701-5500; 415-701-5501 (TDD)
1 South Van Ness Ave., 5th Fl
San Francisco, CA 94103