Lender Information

LENDER INFORMATION

To become a participating lender, please reference the Program Invitation and Parameters Document below.
You must be approved to do business with US Bank, who is acting as the Program’s Master Servicer. If you do not already do business with US Bank, please email lender.management@usbank.com to obtain the application. All interested lenders must complete the Lender Origination Agreement

Program Invitation and Parameters Document
Lender Origination Agreement

LENDER TRAINING

US Bank Home Mortgage and eHousing offer training for lenders and lending professionals who seek to know about the KansasDPA.

Lenders who have submitted their Lender Invitation Documents are eligible to register for the training.

You can request lender training by contacting Sue Denihan, eHousing, at 813‐415-3549, or email to set up individualized webinar training.

LOAN PROCESSING

Borrower selects the type of loan he/she wants to use, then applies and closes when approved.

Lender accepts application and register the loan application on the eHousing web system, including locking in the interest rate.

At closing, lender funds the loan and the percentage of assistance.*

After closing, lender submits files to US Bank Home Mortgage. After approval of the lender file, US Bank Home Mortgage pays the lender 100% of the unpaid principal and the percentage of assistance.* The lender is also paid the Service Release Premium (lender compensation).