The following questions are provided to help you determine whether your company is ready to do business with CalHFA. If your answer to the following questions is “yes”, you may be eligible to become a CalHFA-approved Seller/Servicer.

• Does your company act as a “Direct Lender” and fund loans from its own resources or maintain a warehouse line of credit of at least $1,000,000?
• Is your company duly organized, validly existing, and properly licensed, as a Mortgage Banker, Bank, Savings and Loan or Credit Union (in good standing) or otherwise authorized to conduct business in each of the jurisdictions in which it originates, sells, and services residential mortgages, including California?
• Does your company have existing loan origination office(s) in California?
• Has your company been in business for at least one (1) year?
• Is your company approved to do business as a Seller/Servicer with Fannie Mae? (an exception may be considered on a case by case basis; however if an exception is made, the applicant must still comply with all Fannie Mae Seller/Servicer policies and procedures).
• Does your company have an adjusted net worth of $400,000 and maintain liquid assets of twenty percent (20%) of adjusted net worth or $100,000 whichever is less?
• Does your company have in effect a fidelity bond and errors and omissions insurance policy of at least $300,000?
• Is your company an active member of Mortgage Electronic Registration System (MERS)?

The following links are provided to obtain copies of CalHFA’s Application to Originate and Service Loans and other required documents.

• Application to Originate and Service Loans
  
• Mortgage Insurance Services Application
• Mortgage Purchase and Servicing Agreement
• Master Security Agreement
• Wire Instructions
  
• Approved Servicers

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Please return all completed documents and required attachments to:

California Housing Finance Agency
Homeownership Programs – Lender Services
P.O. Box 4034
Sacramento, CA 95812

For additional information about this subject, please contact CalHFA Homeownership Programs by phone 916.324.8088 by fax 916.327.8452 or by email at homeownership@calhfa.ca.gov.