© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
1
Florida Housing
Finance Corporation
Last Updated: January 4, 2023
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
2
Lakeview Loan Servicing, LLC
• Lakeview is the second largest HFA Master Servicer, the second largest GNMA servicer & the fourth
largest mortgage servicer in the country.
• Since 2016, Lakeview has helped 140,000+ HFA borrowers via $40B in fundings.
• In FY 2021, Lakeview funded about $10B HFA loans from 11 HFA relationships.
• Lakeview’s Community Lending Team is dedicated to serving state and local HFAs across the country.
• Lakeview has a full suite of correspondent and consumer direct mortgage products and services,
including HFA Master Servicing.
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
3
Current HFA Partners
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
4
Opening the Door to Homeownership
• A NEW partnership program, beginning with locks on October 3
rd
, between
Lakeview and the Florida Housing Finance Corporation designed to open the
door to homeownership in Florida and make housing affordable.
• The second mortgage program qualifies as an acceptable form of down
payment assistance under Fannie Mae, Freddie Mac, FHA, USDA and VA
guidelines.
• All Florida Housing Second Mortgage Program guidelines must continue to
be followed.
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
Benefits
• Multiple assistance programs to choose from including special
recognition for “Hometown Heroes”
• Government and Conventional options available
• Quicker Condominium process- no additional approval needed
• Bond and TBA options available
• Florida Housing Programs are continuously funded
• Potential savings on conventional mortgage insurance if borrower’s
income ≤ 80% AMI
5
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
6
Program Highlights
• First-time homebuyers only
• Purchase transactions only
• Owner-occupied properties, including 1 – 4 Units, Condos, PUDs, Townhomes, and Manufactured homes
• Government and Conventional first loan options are available.
• Homebuyer Education is required for at least one borrower on all transactions, (except for VA loans for
veterans, active-duty personnel and surviving spouses that are paired with the Hometown Heroes program).
Continue to follow all Florida Housing guidelines, in addition to
Lakeview guidelines.
Please refer to the product matrix for complete program guidelines.
(www.LakeviewCorrespondent.com | Delegated/Closed Loan Portal | Product Matrices - Lakeview Affordable Lending)
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
7
Income
• Qualifying income is used for the TBA programs
• Follow agency guidelines
• Household income is used for the Bond program
• Income of the borrowers and their spouses (regardless of the spouse’s occupancy of the primary
residence and whether or not is a party to the loan) and all household members 18 years of age
or older (related or unrelated).
• Current Gross Annual Income is utilized.
• Gross income consists of monthly gross pay plus any additional income from overtime, bonuses,
additional employment, commission, other income on tax returns, etc. See the Florida Housing
Bond Loan Program Lender Guide for full details.
• Generally, determine the current gross monthly income first and then multiply the monthly
income by 12 months.
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
8
Manufactured Homes
• FNMA, FHLMC, FHA, VA, and USDA
• Doublewide or greater
• Must not have been constructed prior to 1994
• 660 minimum FICO
• 45% maximum DTI
• Approve/Eligible or Accept findings required; manual UW is not permitted
• Leaseholds are ineligible
• LTV/CLTV per investor guidelines
• No Lakeview version of Affidavit of Affixture is required, general form is acceptable
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
9
The Process
Limited 203(k) loans ONLY: Lender to complete disbursements and close out file in FHA Connect.
Loan is purchased.
Clear any deficiencies.
Deliver loan file to both Lakeview and eHousing for review. (Use checklists found in the Reference Library)
Loan closes in accordance with all investors, FL Housing, Lakeview, and any applicable MI guidelines.
Complete Underwriter Certification in eHousing Portal.
Loan is locked/reserved in the EHousing Portal.
**Please remember to add your loan number. The lender loan number is utilized throughout the purchase review process.**
Loan application is taken.
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
10
First Mortgage Loans - Conventional
• Fannie Mae’s HFA Preferred loans and Freddie Mac HFA Advantage loans only.
• Standard Freddie Mac and Fannie Mae loan products are not permitted.
• LTV/CLTV: Up to maximum 97%/105%*
• All Borrowers must have a FICO score of no less than 640.
• Maximum DTI is the lesser of 50% or DU/LPA approval (with the exception of manual underwriting and
manufactured homes).
• Underwriting: Approve/Eligible from DU, Accept/Eligible from LPA, or Manual.
• Manual underwriting subject to additional requirements:
• 43% maximum DTI
• 660 minimum FICO
• Manufactured homes not permitted
*2-unit properties are limited to 95% LTV
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
11
First Mortgage Loans – Conventional, continued
• Employment and income documentation follow DU/LPA findings, with a few exceptions:
• Tax transcripts are required when utilizing 1040 income, working for family, or using WVOE as stand-alone
income verification.
• Lower Charter or Custom Mortgage Insurance coverage is available for loans with AMI ≤ 80%.
• Refer to the product matrix for more information.
In the case of conflicting guidelines, follow the more restrictive guidelines of the FL Housing program, Fannie
Mae or Freddie Mac (as applicable), Mortgage Insurer, Lender, or Lakeview.
LTV Coverage
95.01%-97% 18%
90.01-95% 16%
85.01-90% 12%
80.01-85% 6%
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
12
First Mortgage Loans – Government
FHA/VA/USDA
• Maximum LTV: FHA 96.5%, VA 100%, USDA 100%. CLTV – per investor guidelines
• All borrowers must have a FICO score of no less than 640.
• Maximum DTI is the lesser of 50% or DU/LPA/GUS approval (with the exception of manual
underwriting and manufactured homes).
• Underwriting: Approve/Eligible from DU, Accept from LPA, Accept/Eligible from GUS, or Manual (FHA/VA).
• Manual underwriting subject to additional requirements:
• 43% maximum DTI
• 660 minimum FICO
• Manufactured homes not permitted
Please refer to the product matrix for complete program guidelines.
(www.LakeviewCorrespondent.com | Delegated/Closed Loan Portal | Product Matrices - Lakeview Affordable Lending)
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
13
First Mortgage Loans – Government, continued
• Employment and income documentation follow DU/LPA/GUS findings and investor guidelines, with a
few exceptions:
• Tax transcripts are required when utilizing 1040 income, working for family, or using WVOE as
stand-alone income verification.
• Mortgage insurance required per investor guidelines.
• FHA Limited 203(K)
• Used for minor non-structural and cosmetic/remodeling. No minimum amount, but maximum
of $35,000 in repairs. 203(k) consultant is not required.
• Loan will be purchased, but the lender is responsible for final disbursements and close out in
FHA Connection.
• All loans must be run through AUS and require an Approve/Eligible or Accept/Eligible.
• Borrower must move into the home within 30 days of closing.
Please refer to the product matrix for complete program guidelines.
(www.LakeviewCorrespondent.com | Delegated/Closed Loan Portal | Product Matrices - Lakeview Affordable Lending)
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
14
Examples of Types of Improvements – Limited 203(k)
• Making changes for improved functions and modernization
• Making changes for aesthetic appeal
• Minor kitchen remodeling not involving structural repairs
• Pool repairs
• Interior and exterior painting
• Repair/replacement/upgrade of appliances
• Window and door replacements
• Replace/repair roof, gutters, and downspouts
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
15
Other Program Information
Origination and other lender fees:
• Lenders may charge what is usual and customary, including a 1% origination fee except on
the Hometown Heroes program.
• Recording fees are the only allowable fees on 2nd DPA liens.
• Fees netted at purchase by Lakeview:
• 100% of the amortized balance of the 1st and 2nd DPA mortgage
• $400 Funding fee, $75 Tax certification fee, and $10 Flood transfer fee
• SRP 1.5% of the amortized balance of the 1
st
mortgage from the date of purchase
• Accrued interim interest up to the date of purchase
Other Program Information
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
16
On-Line Resources
• For more information or questions about the Florida
Housing DPA programs, refer to the Florida Housing
Finance Corporation page on eHousingPlus.
• For more information or questions about the First
Mortgage or delivery process, refer to the Lakeview
Correspondent Delegated/Closed Loan portal at:
www.lakeviewcorrespondent.com
• Please note, access to the site may be limited by
your organization. Follow your internal process for
obtaining information on program details.
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
17
Lakeview Correspondent Portal
Here you will find:
1. Announcements
2. Product Matrices for all affordable lending
programs
3. Seller Guides
4. Reference library, which houses:
• Quick reference guides
• Delivery file checklists for closing and credit
• Sample documents
5. Training Resources
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
18
Training Resources Tab
• Correspondent Website Job Aid
• Logging in
• Reporting
• Navigating the site
• Job Aids on Delivering loans, Naming and Uploading Documents
• Quick Reference Guide on Naming Conventions
Lakeview Client Services can assist with questions on any of the above or set up individual training;
contact them at 1-855-253-8439, option 3, or at clientservices@bayview.com.
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
19
Who to Contact With Questions
Contact your internal Product Implementation Team or your
Lakeview Business Development Director
General Program Rollout
Contact your Lakeview Client Manager
Disclosures, Forms, or
Conditions on Closed Loans
Pricing and guidelines are available in most product and pricing
engines. Contact your internal lock desk on how to access your
pricing.
Pricing
Contact the Lakeview UW Scenario Dept at 1-855-253-8439,
option 2 or at underwritingquestions@bayview.com
Program Guidelines or
Specific Scenarios
Contact Lakeview Client Services at 1-855-253-8439, option 3 or at
clientservices@bayviewloans.com
Locking or Delivering Loans
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
20
FAQs
• Do I need to send in an Affidavit of Affixation with a manufactured home loan?
Yes, this is a state requirement. However, you may use a generic form or if you have a company version of this form, they
are both acceptable. Lakeview does not have a version of this form.
• What is the maximum deductible permitted for property insurance?
• The maximum allowable deductible for all property types is 5% of the face amount of the insurance policy. When a
policy provides for a separate wind-loss deductible (either in the policy itself or in a separate endorsement), that
deductible must be no greater than 5% of the face amount of the policy.
• Where can I find Lakeview’s insurance requirements?
• Chapter 4 of the Lakeview Seller guide.
• Where are the product matrices posted?
• They are posted on the Lakeview Correspondent Portal.
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
21
FAQs, continued
• Will I still lock my loans on eHousing?
• Yes, this has not changed.
• When is the changeover date?
• Loans locked on or after October 3
rd
will have Lakeview as the Master Servicer.
• How long does it generally take a new lender to become approved?
• On average 15 days (based on a complete application package).
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
Appendix
22
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
Approved Florida Lenders (as of 9.20.22)
1st Financial, Inc.
Absolute Home Mortgage Corporation
Academy Mortgage Corporation
Acopia LLC
Acre Mortgage and Financial Inc
Alcova Mortgage, LLC
All Western Mortgage, Inc.
Allied Mortgage Group, Inc.
AmCap
Mortgage LTD
American Bancshares Mortgage, LLC
American Financing Corporation
American Mortgage Service Company
American Nationwide Mortgage Company, Inc.
American Neighborhood Mortgage Acceptance
Company LLC (Annie Mac)
American Pacific Mortgage Corporation
American Portfolio Mortgage Corporation
Amerifirst Financial Corporation
Amerifirst Financial, Inc.
Ameris Bank
AML Funding LLC
Apex Home Loans, Inc.
Ark
-La-Tex Financial Services, LLC
Atlantic Bay Mortgage Group LLC
Axia Financial, LLC.
Bank of England
Bay Capital Mortgage Corporation
Bay Equity LLC
BayFirst
National Bank
23
Bayshore Mortgage Funding, LLC
Bay
-Valley Mortgage Group
Bell Bank Mortgage
Blue Ridge Bank, N.A.
Broker Solutions, Inc.
CalCon Mutual Mortgage LLC
Caliber Home Loans, Inc.
Canopy Mortgage, LLC
Capital City Home Loans, LLC
Cardinal Financial Company, Limited Partnership
CBM Mortgage, Inc.
Celebrity Home Loans, LLC
Centennial Bank
- AR
Certainty Home Loans, LLC
Change Lending, LLC
Cherry Creek Mortgage, LLC
Christensen Financial, Inc.
Churchill Mortgage Corporation
City First Mortgage Services, LLC.
Citywide Home Loans, LLC
CMG Mortgage, Inc.
Columbus Capital Lending LLC
Compass Mortgage, Inc.
Contour Mortgage Corporation
Cornerstone First Mortgage, Inc.
Cornerstone Home Lending, Inc
CrossCountry Mortgage, LLC
DAS Acquisition Company, LLC
Delmar Financial Company
DHI Mortgage Company, LTD.
Direct Mortgage Loans, LLC
Draper and Kramer Mortgage Corp.
Embrace Home Loans, Inc.
EMM Loans LLC
Encompass Lending Group, LP
Envoy Mortgage Ltd
Equitable Mortgage Corporation, The
Equity Prime Mortgage LLC
Equity Resources, Inc.
Everett Financial, Inc.
Evolve Bank & Trust
Fairway Independent Mortgage Corporation
Family First Funding, LLC
FBC Mortgage, LLC
Federal Savings Bank, The
Fidelity Bank
Finance of America Mortgage LLC
First Alliance Home Mortgage, LLC
First Centennial Mortgage Corp.
First Equity Mortgage Bankers, Inc.
First Federal Bank
First Federal Bank
First Home Mortgage Corporation
First Horizon Bank
First Option Mortgage, LLC
Gateway First Bank
Geneva Financial, LLC
Go Mortgage, LLC
Gold Star Mortgage Financial Group
Goldwater Bank, N.A.
GoPrime Mortgage, Inc.
Guaranteed Rate Affinity, LLC
Guaranteed Rate, Inc.
Guild Mortgage Company LLC
Gulf Coast Bank & Trust Co.
GVC Mortgage, Inc
Hallmark Home Mortgage, LLC
Hamilton Home Loans, Inc.
Hancock Mortgage Partners LLC
Highlands Residential Mortgage, Ltd.
HighTechLending, Inc.
Home Loan Expert, LLC, The
Home Solution Lenders Inc
HomeBridge Financial Services Inc
Homeowners Financial Group USA, LLC.
Homespire Mortgage Corporation
Homestar Financial Corporation
Homestead Funding Corp.
Hometown Lenders, Inc.
Hometrust Mortgage Company
Inlanta Mortgage, Inc.
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
24
Approved Florida Lenders (as of 9.20.22)
Inspire Home Loans Inc.
InterLinc Mortgage Services, LLC
International City Mortgage, Inc.
Ixonia Bank
Jet Direct Funding Corp.
K. Hovnanian American Mortgage, LLC
Land Home Financial Services, Inc.
LeaderOne Financial Corporation
Lend Smart Mortgage LLC
Lennar Mortgage, LLC
Loan Simple Inc.
loanDepot.com, LLC
Lower, LLC
Luminate Home Loans, Inc.
Luxury Mortgage Corp
M/I Financial LLC
McLean Mortgage Corporation
Megastar Financial Corp.
Michigan Mutual, Inc.
Mission Loans, LLC
MLB Residential Lending, LLC
MLD Mortgage Inc.
Moria Development, Inc.
Mortgage Company, The
Mortgage Equity Partners, LLC
Mortgage Firm, Inc., The
Mortgage Network Inc.
Mortgage Solutions of Colorado, LLC
Mortgage300 Corporation
Movement Mortgage LLC
MSA Mortgage LLC
Mutual of Omaha Mortgage, Inc.
My Mortgage, Inc
Nations Lending Corporation
Nations Reliable Lending, LLC
Nationwide Mortgage Bankers, Inc.
Network Funding LP
NewRez LLC
NFM, Inc.
NJ Lenders Corp
Northpoint Mortgage, Inc.
Northpointe Bank
Norwich Commercial Group Inc
NP, Inc.
NTFN Inc
NVR Mortgage Finance
On Q Financial, Inc.
Open Mortgage LLC
Panorama Mortgage Group, LLC
Paramount Residential Mortgage Group Inc
Pilgrim Mortgage, LLC
Planet Home Lending, LLC
Platinum Home Mortgage Corporation
Point Mortgage Corporation
Premier Mortgage Resources
Primary Residential Mortgage, Inc.
PrimeLending, A PlainsCapital Company
Primis Mortgage Company
Princeton Mortgage Corporation
Prosperity Home Mortgage, LLC
Pulte Mortgage LLC
Radius Financial Group Inc.
Renasant Bank
Republic State Mortgage Company
Residential Wholesale Mortgage, Inc.
Resource Financial Services, Inc.
RoundPoint Mortgage Servicing Corporation
SecurityNational Mortgage Company
SFMC LP DBA Service First Mortgage Company
SI Mortgage Company
Sierra Pacific Mortgage Company Inc
SmartBank
Southeast Mortgage of Georgia, Inc.
Southern Trust Mortgage, LLC
SouthState Bank, National Association
Stockton Mortgage Corp
Success Mortgage Partners Inc
Summit Mortgage Corporation
Sun West Mortgage Company, Inc.
SWBC Mortgage Corporation
Synovus Bank
T2 Financial LLC
Thrive Mortgage, LLC
Tidewater Mortgage Services, Inc.
TJC Mortgage, Inc.
Top Flite Financial, Inc.
Total Mortgage Services, LLC
Town Square Mortgage & Investments, LLC
Truist Bank
Trustmark National Bank
U.S. Bank National Association
Union Home Mortgage Corp.
United Community Bank
University Lending Group, LLC
Van Dyk Mortgage Corporation
Vanderbilt Mortgage and Finance, Inc.
Victorian Finance, LLC
Waterman Bank
Waterstone Mortgage Corporation
Wells Fargo Bank NA
Wolfe Financial, Inc.
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
2/13/2023
Any Questions?
25
© 2023 Lakeview Loan Servicing, LLC. NMLS #391521. This information is for lending institutions only, and not intended for use by individual consumers or borrowers. Lakeview programs are offered to qualified residential lending institutions and are
not applicable to the general public or individual consumers. Equal Housing Lender.
Thank you!
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