March 28, 2024 | Bulletin #24-01

Updated Documents Required for Continued Lender Participation in GSFA Platinum Program

Participation Documents
All Lenders interested in continued participation in the GSFA Platinum Program must sign and return (to the Program Manager, NHF) updated Program Participation Documents immediately.
 
GSFA Platinum Program Participation Documents:
  1. GSFA Platinum Program Lender Agreement
  2. GSFA Platinum Program Lender Profile
 
The Program Participation Documents can be downloaded directly via the links above or from the GSFA Platinum Lender Participation Guide online. They can be be returned electronically or by mail.
 
The Program Lender Agreement serves as an AGREEMENT, made and entered into by the Lender, affirming that the Lender will abide by the Program Guidelines and requirements for Participation in the Program.
 
The Lender Profile provides GSFA and the Program Manager, NHF, with contact information for specific departments within the company. This information is not shared with any third parties.  
 
Note: If you have already provided us with updated documents, please disregard this reminder.
Procedures Concerning Loan Activity
Lenders without Program production in a 12-month cycle will be suspended from the respective Program and removed from the Participating Lender list published on the GSFA website.

To be reinstated, Lenders must complete an onboarding session with their branches for the respective Program. Contact GSFA for scheduling.
Loan Officer Information in Reservation System
Reminder About Data Accuracy

When making a loan reservation via the Online Reservation System, it is important that whoever is making the loan reservation completes the section for Loan Officer Information with complete and accurate information.


This section should reflect the Mortage Loan Officer's information not a branch manager or someone at the lock desk, etc., unless that person is also the Mortgage Loan Officer on the transaction.

The Loan Officer Information required is as follows:
  • NMLS Number
  • First Name
  • Last Name
  • Phone
  • Email


Why We Need Loan Officer Data
It is important that the Loan Officer Information is accurate because it is used to track loan production and identify our most active LO's. We are preparing to reinvigorate our Lender recognition program this year to provide leads to our top producing loan officers via the website, amongst other benefits.
Branch Contact Information in Reservation System
Reminder About Maintaining Up-to-Date Branch Information

Please make sure to update/revise branch contact information in the Online Reservation System. We populate this information in our Participating Lender list on the website.
© 2024 Golden State Finance Authority. All rights reserved.

Program Bulletins are intended for mortgage professionals only. This is not an offer for extension of credit nor a commitment to lend and is subject to change without notice. Complete program guidelines, loan applications, interest rates and annual percentage rates (APRs) are available through GSFA Participating Lenders.

For questions or additional assistance regarding this bulletin, please Contact Us.

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