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!

To better assist our branches, please see the below timeline, based on Estimated Closing Date, for CD deadlines during our upcoming 3 day weekend:

ECD of 5/28 – will need CD signed by 5/23
ECD of 5/29 – will need CD signed by 5/24
ECD of 5/30 – will need CD signed by 5/24**
**for an ECD of 5/30, the CD must be sent on the 24^th, but can be signed on the 25^th
ECD of 5/31 – will need CD signed by 5/28

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

***************** SERVICE RESTORED @ 2;39 pm***********************

Good morning everyone,

Currently, the Florida phone system is experiencing an outage. This means that incoming or outgoing external calls will not be sent or received.

We will update everyone when the system is back up and running.

Update: 12:50 PM – A field technician has dispatched out to the trouble location they gave us an ETA of 1:24 EST

Update: 11:45 AM – Frontier has been unable to diagnose the problem remotely and have dispatched a technician to come onsite.

Update:  10:44 AM   –  The outage has been confirmed to be with our carrier Frontier and they have not provided us with an ETA for resolution at this time.

Hello Everyone,

As a reminder, in order to get your loan through the TRID process and into closing ASAP, please be sure your file has all the items that are required to clear the TRID review. See the attached TRID Ready Guide for everything you will need.

Also, please make sure you are entering your TRID Ready Date once your file has all the TRID items completed. Compliance prioritizes files by TRID Ready Date, so please do not forget to add this date.

We are doing everything we can to maintain our turn times, please help us do so by following the attached guide as closely as possible.

Thanks!

TRID Review Checklist – Branch Summary 5-17-19