CHFA eNews

CHFA eNews:
Home Finance
04.07.2010

CHFA Risk Information Score Card (CHFA RISC) Webinars

Have you had difficulty using the Risk Information Scorecard for certain credit-challenged borrowers? Are you unable to find the answers to challenging questions such as these?
  • When is alternative credit considered a manual underwrite?
  • What date do you use to determine length of time for a bankruptcy filing?
  • Your applicant is in debt consolidation/repair program. How does that affect the CHFA RISC?
  • You have an applicant in the armed forces and he was living in base housing. Can I apply his mandatory housing expense payroll withdrawal when calculating payment shock?
If you answered yes, we have the class for you. CHFA is hosting webinars specifically focusing on the CHFA RISC. Please check out the lender training website for dates and times.

As a reminder, please be sure that you are using the most current form of the CHFA Form 740, CHFA Risk Information Score Card (CHFA RISC). The Score Card has been updated with a few minor changes and an additional page which will give you a place to convey important and pertinent information regarding your scoring methodology to CHFA.

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

 


Privacy Policy.

colorado housing and finance authority | 1981 Blake St | Denver | CO | 80202