NAHAC Servicer Webinar April 24, 2018 10:00am 11:30am Pacific Time - - PowerPoint PPT Presentation

NAHAC Servicer Webinar April 24, 2018 10:00am – 11:30am Pacific Time

Webinar Information

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Please join the meeting from your computer, tablet or smartphone. https://global.gotomeeting.com/join/488585397 You can also dial in using your phone. United States: +1 (669) 224-3412 Access Code: 488-585-397

www.NAHAC.org

Agenda

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• Welcome
• NVHHF Update
• Down Payment Assistance (DPA) Program
• NAHAC Servicer Secure File Transfer Protocol (SFTP) Site
• Common Data File (CDF) Records

www.NAHAC.org

NVHHF Update

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• Program Performance
• Marketing
• Co-Branding

www.NAHAC.org

Total Funds Disbursed

Total Disbursed to Date: $106,691,912 (through March 31, 2018) Total Remaining: $64,308,062 (available until funds are exhausted or through program end – December 2020, whichever occurs first)

5 $3,048,884 $25,382,842 $51,807,610 $5,521,615 $2,670,492 $4,646,325 $10,381,931 $3,232,213* 2011 2012 2013 2014 2015 2016 2017 2018 *JAN 2018 thru MAR 2018 - $3,232,213 www.NAHAC.org

Funding: 2016-2018

6 $50,000 $250,000 $450,000 $650,000 $850,000 $1,050,000 $1,250,000 $1,450,000 $1,650,000 Funded Dollars

Funding Comparison

2016 2017 2018 www.NAHAC.org

Current Programs

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• Unemployment Mortgage Assistance Program (UMAP)
• Mortgage Reinstatement Assistance Program (MRAP)
• Principal Reduction Program (PRP)
• Second Mortgage Reduction Program (SMRP)

www.NAHAC.org

Down Payment Assistance (DPA) Program – Effective April 23, 2018

• Assistance Amount – 10% Purchase price, up to $20,000
• Income Limit - $98,500
• Purchase Price Limit - $400,000
• Eligible Loans – 30 year fixed rate with FHA, VA, USDA-RD,

Fannie Mae Preferred loan type

• Available to select ZIP Codes – Refer to Program Guidelines
• Reservations and Program Guidelines will be available through

eHousingPlus portal under Home Is Possible Program

8 www.NAHAC.org

Servicer Secure File Transfer Protocol (SFTP) Site

• NAHAC’s Servicer SFTP Site overview
• Obtaining a password
• Accessing the SFTP Site
• SFTP Site settings
• SFTP Site navigation
• Uploading files
• Downloading files

9 www.NAHAC.org

Common Data File (CDF) Records

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• Introduction
• NAHAC internal CDF process

➢ All manual – issuing and receiving ➢ Final process, if approved ❖ Issuing “A” and “B” records ❖ Receiving “P” and “F” records in a timely manner

www.NAHAC.org

Common Data File (CDF) Records - continued

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• Obstacles

➢ Missing information on returned CDF ❖ Taxes and Insurance ❖ Deferred Balances ❖ Active Bankruptcy ❖ Good Thru Date ❖ Correct PITIA ➢ Turnaround time

www.NAHAC.org

Common Data File (CDF) Records - continued

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• Information requested by NAHAC and reason for request

➢ Modifications ➢ Statements ➢ Past Due amounts ➢ HUD Partial Claims, etc. ➢ Payment History (when mortgage is not showing on credit report)

• Questions

www.NAHAC.org

Servicer Scorecard

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$1,756,483 $1,445,807 $1,335,011 $744,928 $534,511 $100,000 $300,000 $500,000 $700,000 $900,000 $1,100,000 $1,300,000 $1,500,000 $1,700,000 $1,900,000 NationStar Bank of America Wells Fargo DiTech SPS

2017 Funds by Servicer – Top 5

www.NAHAC.org

Servicer Scorecard

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$27,465,636 $13,964,881 $7,943,703 $6,745,295 $4,785,962 $1,000,000 $6,000,000 $11,000,000 $16,000,000 $21,000,000 $26,000,000 $31,000,000 Bank of America Wells Fargo JP Morgan Chase NationStar One Nevada Credit Union

2010-2017 Funds by Servicer - Top 5

www.NAHAC.org

Q & A

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Verise V. Campbell, CEO/COO Nevada Affordable Housing Assistance Corporation Phone: (702) 570-5579 VCampbell@nahac.org www.NAHAC.org

www.NAHAC.org