Fund Hosts Training for Lending Partners
Attendees from across the state participate.
For More Information, contact Patti Shamblin at (304) 391 8729
Mortgage lenders from banking and lending institutions across West Virginia recently attended a new lender training session hosted by the West Virginia Housing Development Fund. The focus of the training was to familiarize attendees with the Fund’s single-family lending programs and how those programs can help their client purchase a home.
Those in attendance were taken on a step-by-step journey through the Fund’s lending process. Topics included underwriting, requirements for the Mortgage Revenue Bond Program (MRB) and Secondary Market Program, how we distinguish targeted and non-targeted counties and house price and income limits.
Erica Boggess, the Fund’s Acting Executive Director, stated that these types of events give the organization a fantastic chance to work with some of our most important and valued partners.
“The lending community is a vital part of the Fund and we welcome the opportunity to help them better understand our programs and how they can use what we offer to assist their clients,” Boggess said. “Forming lasting and sustained partnerships with the lending community helps us to further our mission – helping West Virginians purchase a safe, affordable home.”
Patti Shamblin, the Fund’s Loan Origination Manager, stated that the training session gives our lending partners a better grasp on our underwriting procedures and lending guidelines.
“These session are valuable to everyone involved because it gives us a chance to take our lenders through a detailed and comprehensive review of our programs and it gives the Fund a chance to get the kind of feedback we need to enhance what we do and get qualifying families into the home of their dreams,” Shamblin said.
The session was held at the Fund’s office in Charleston. Employees from the following lending agencies attended:
- MVB Bank
- First Neighborhood Bank
- First Community Bank
- Fayette County National Bank
- United Bank
- Huntington Banks
- Franklin AMC
(Lending partners and Fund staff attended a recent training session at the Fund's office in