MORTGAGE PROGRAM POLICY AND PROCEDURES FOR …

Effective January 24, 2022 MORTGAGE PROGRAM POLICY AND PROCEDURES FOR PARTICIPATING LENDERS Revised Nov. 2021/Eff. Jan. 24, 2022 Table of Contents Chapter/Section No. Title Page INTRO INTRODUCTION Intro DEF/ROC DEFINITIONS AND RULES OF CONSTRUCTION Definitions i Rules of Construction x Chapter 1 PARTICIPATING LENDER RELATIONSHIP Sec. 1-1 Initial Qualifications 1-1 Sec. 1-2 Participating Lender Approval Process 1-3 Sec. 1-3 Maintaining Participating Lender Approval Status 1-3 Sec. 1-4 Delegated Participating Lender Qualifications 1-6 Sec. 1-5 Loan Origination Responsibilities, Process and Requirements 1-7 Sec. 1-6 Participating Lender Compensation/Fees 1-15 Chapter 2 PARTICIPATING LENDER REPRESENTATIONS AND WARRANTIES Sec. 2-1 Participating Lender, Representations, Warranties and Covenants 2-1 Sec. 2-2 Participating Lender Integrity, Responsibility and Nondiscrimination 2-5 Chapter 3 FIRST MORTGAGE PRODUCTS Sec. 3-1 NJHMFA-Specific Guidelines Applicable to All Products 3-1 Sec.

The New Jersey Housing and Mortgage Finance Agency. AGENCY STAFF. Employees of the Agency’s Division of Single Family Programs whose regular and assigned duties relate to the programs set forth in this guide; this term also includes executive staff of the Agency given authority over this division. ALTA. American Land Title Association. AMI.

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