Annual Lender Training

Every year, participating lenders must attend training and pay a fee.

During training, MOHCD staff will review our homeownership programs. We will also show you how to use use the DAHLIA Salesforce system to upload loan documents.

See 2018 workshop dates


Requirements

  • You will take a test on the material covered during training.
  • Provide MOHCD your NMLS ID#.
  • Sign the appropriate lender agreement
  • Pay your fee.
    • Only one fee per lending institution is needed.
    • The annual lender renewal fee is lower than the initial fee to participate.
    • These fees are updated every fiscal year, increasing by about 2%.
    • See current lender participation fees »
  • Contact MOHCD for your DAHLIA Salesforce password.

Additional information for Mixed-Income Below-Market-Rate (BMR) lenders

  • MOHCD will place a second lien against the BMR property, referred to as the “BMR lien.”
    • This lien is the difference between the fair market value and the BMR sales price.
  • MOHCD requires Title Insurance for the BMR lien.
  • Be aware that restrictions in an Inclusionary Housing unit survives foreclosure.