Lender Recertification

Recertification is an annual requirement to remain an active lender with IHDA. Recertification typically opens the first business day of the year and recertification packages are due on or before March 31st.

Recertification is required to remain active as an IHDA Mortgage Lender. If a recertification is missed, (regardless of the reason) action is required to be re-activated:

Please note, lender onboarding is a lengthier process and requires more information than recertification. If there is even a slight chance you may wish to offer IHDA Mortgage Programs in the future, we strongly recommend you recertify annually, as we are unable to rush the lender onboarding process.

All IHDA Mortgage Lenders must provide current information to remain active as an IHDA Mortgage Lender. If you are a newly on-boarded lender, less documentation is required:

All forms are available for download on this page.

Yes.

The lender is required to notify lenderrelations@ihda.org and ask for an extension of the deadline.

Yes, lenders must maintain a minimum net worth of $1.5 million to remain eligible as an IHDA Mortgage Lender.

At least 3 years of mortgage lending origination experience is preferred.

This will differ depending on your company. This could include a Certificate of Corporate Existence from IDFPR, OCC, etc., Secretary of State’s Certificate of Good Standing, or IDFPR Credit Union Certificate of Good Standing. (Depending on what is required in 2(a) your evidence of good standing may be included with your approval to do business.)

All entities must provide proof of active licensure for residential mortgages.This can include:an actual copy of an active license, and NMLS printout showing state licenses or a Certificate of Corporate Existence from the appropriate regulatory body (OCC, FDIC, NCAU, IDFPR, etc.).

NOTE: The effective date must not have an expiration date prior March 31st within the year of recertification.

This information provides IHDA evidence of the company’s processes for checking all origination staff (including application through closing) against, at minimum, the U.S. General Services Administration Excluded Parties List, the HUD Limited Denial of Participation List, and the Federal Housing Finance Agency Suspended Counterparty Program List.