In This Issue

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TRID Updates
Effective with the new TRID regulation on Saturday, October 3, 2015, KHC will begin accepting Electronic Signatures on all documents with the exception of Final Security Documents, from lenders who currently have an electronic delivery and signature system. KHC's Electronic Signature Policy is on KHC's website, under Lenders.
 
The DAP Loan Estimate and Closing Disclosure will be available for all KHC-approved lenders to access in KHC's Loan Reservation System.
 
TPO lenders will be required to utilize KHC's First Mortgage and DAP Loan Estimate and Closing Disclosure. These disclosures will be produced for the lender by completing an online screen within KHC's Loan Reservation System. TPO lenders will be required to use one of KHC's-approved closing agents for title and closing.

The Closing Agent Manual is available on KHC's website, under Lenders, Lender Resources, Third Party Originator (TPO). KHC's Program Guides reflect all changes listed above and are available on KHC's website, under Lenders.

Stay tuned to KHC eGrams about upcoming Webinars on access to the new TRID disclosures, workflow, and approved closing agents. 
FHA Updates
There are many changes taking place with FHA on Monday, September 14, 2015. Review these changes on the U.S. Department of Housing and Urban Development (HUD) website.
RHS Update to Guarantee Fee
Effective with conditional commitments issued on or after Thursday, October 1, 2015, the guarantee fee will change from 2.00 percent of the loan amount to 2.75 percent of the loan amount.
Surplus Cubicle Furniture Sale
KHC is offering surplus cubicle furniture for sale. Inspections of cubicle furniture will be held on Monday, September 28, 2015, from 3-5 p.m. ET, at KHC's Weatherization Training Center, 600 Warsaw Street, in Frankfort. Cubicle furniture will be sold in a complete package; items will not be parceled out.  

Please submitted bids to Lisa Buchanan, KHC, 1231 Louisville Road, Frankfort, Kentucky, 40601, or email at [email protected]. All bids must be received by 5 p.m. on Wednesday, September 30. All items will be sold on an "as-is" basis.

Bid recipient winners will be notified by Thursday, October 1. Removal of purchased items is the sole responsibility of the buyer. KHC employees will not be available to move the purchased items. Removal of purchased property will be at 3 p.m. on Monday, October 5.

DO NOT REPLY-This is an unmonitored email address.

 

Kentucky Housing Corporation prohibits discrimination on the basis of race; color; religion; sex; national origin; sexual orientation; gender identity; ancestry; age; genetic information; disability; or marital, familial, or veteran status. 

 

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If you have subscription problems, please contact KHC's Nicole Morris toll-free in Kentucky at 800-633-8896 or 502-564-7630, extension 459; TTY 711; or email [email protected].