To:                   ALL Employees

From:              Margarita Hays, Human Resource Manager

James Beebe, Chief Compliance Officer

Date:               7/30/2019

Subject:           Annual Employee Training – Don’t miss out on earning 50 POINTS!

Soon you will be provided access to complete Annual Employee Training 2019 beginning on August 1.  Completion of all 8 modules is due on August 31.  A link along with instructions will be provided on Thursday.

While preparing for this training, you may have received a system generated certificate in error.  Please disregard as your certificate will need to reflect a completion date of August 2019.

The training modules are housed in our Learning Management System. This system will track the completion of each training (certificates) including your scores.

This year we would like to incentivize you by providing a point challenge when training is completed before the due date.  Employees who complete all 8 training modules by Aug 26, will be awarded 50 points on the intranet gaming platform.   Points can be redeemed for merchandise in the VanDyk Store also located on the intranet.    Awards will be based on certificates dated during this time period.

For those employees who completed the training during the onboarding process in 2019, you have already met the requirement.

Happy Training!

To better assist our branches, please see the below timeline, based on Estimated Closing Date, for CD deadlines during our upcoming 4 day weekend:

ECDs for Monday, 7/8, will all need TRID Ready by Tues, 7/2 and CD disclosed and executed by Wednesday, 7/3.

ECDs for Tues and Weds, 7/9 and 7/10, will all need TRID Ready by Tues, 7/2, and CD disclosed by Wednesday 7/3, executed by Fri 7/5.

Our offices are closed on Fri 7/5 so you must prepare your borrowers accordingly.

ECDs for Thurs, 7/11, will need TRID Ready by Weds, 7/3 and CD disclosed Monday, 7/8.

Thank you, and please reach out to compliance@vandykmortgage.com with any questions or concerns!

On June 20, 2019, Freddie Mac announced they are reducing the income limits for their Home Possible program from 100% of area median income (AMI) to 80% of AMI.    The implementation date is currently planned for July 28, 2019.   This applies to all Home Possible mortgages, including those in low-income census tracts.

We published in the June Lending Announcement that Fannie Mae’s HomeReady product also reduced their income limits from 100% of AMI to 80% of AMI; however, HomeReady still has no income limit in low-income tracts.

Freddie Mac Bulletin 2019-15 Home Possible income limits

Good Morning,

VanDyk Mortgage will be closed on Friday July 5^th, however, payroll will be processed as normal and the deposit date will still be July 5^th. If there should be any issues or questions regarding that pay date please reach out to payroll@vandykmortgage.com and they will be answered on Monday July 8^th.

Thank you for your patience!