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Compliance Review and Suspense Conditions clearing during the NM Housing Summit

Memorandum

To: Participating Lenders
From: Anita K. Rehm-Racicot, Homeownership Lead
Date: September 15, 2016
RE: Memo No. 16-20
  • Compliance Review and Suspense Conditions clearing during the New Mexico Housing Summit


MFA will be hosting the New Mexico Housing Summit from September 19 – 21, 2016.

As a standard policy, MFA reviews the Compliance Files within 72 hours of receipt and clears Compliance Suspense loans with less than 5 conditions within 24 hours and 5 or more conditions within 48 hours.

Due to staff working at the Summit, please add an additional 24 hours to the turnaround times for Compliance review and clearing suspense conditions.

Thank you for participating in MFA’s program.  Should you have any questions, please contact an MFA Homeownership Representative at 1-800-444-6880 or 505-843-6880.