Due to the exorbitant number of suspended Compliance files, CHFA will be strictly enforcing the regulations, as set forth in the Seller's Guide.

Section 501: Program Compliance Review Required Documents
"CHFA will perform a Program Compliance Review of Mortgage Loans within a maximum of three (3) Business Days from receipt of the complete Program Compliance Review documents by CHFA. If the Program Compliance Review results in a Mortgage Loan being referred for further review to determine eligibility or verify the reasonableness of the transaction, the Participating Lender will be informed of this action and any further documentation required to support the CHFA Program Compliance Review decision."

CHFA will be unable to accommodate any rush requests. Incomplete loans will be immediately denied and will be moved to the bottom of the review queue. Once the file is complete, as detailed on the CHFA Submission Vouchers, only then will it be reviewed. Complete Compliance files will be reviewed within three (3) Business Days or less.

CHFA reminds everyone that ongoing training is available for Loan Officers and Processors. Training registration information is available on the CHFA website.

Don't cause your Borrower's closing to be delayed - double check your loan submissions!

Please contact us with any questions.

303.297.7376 or 1.888.320.3688 Denver
970.241.2341 or 1.800.877.8450 Western Slope

Thank you,
CHFA Home Finance