Specifications include, but are not limited to: a. Review program documentation to ensure that it reflects origination, underwriting, loan processes and documentation that satisfy the requirements of Ginnie Mae, FannieMae, and/or Freddie Mac. b. Work closely with TDHCA in developing program and lender guidelines and in approving Participating Lenders. c. Assist TDHCA with lender training, including participating in informational meetings and training workshops as necessary. d. Secure any necessary commitments from Ginnie Mae, Fannie Mae, and/or Freddie Mac. e. Advise TDHCA when a Participating Lender no longer qualifies as an eligible lender under the program, or when a Participating Lender has performed or is performing in a manner that may adversely affect TDHCA with respect to the origination and sale of Mortgage Loans. f. Be available to assist lenders by responding to questions and clarifying requirements during the origination-to-closing process for the Mortgage Loans. g. Review each Mortgage Loan file for compliance with program requirements (as established by TDHCA), notify the Participating Lender, in a timely manner, of deficiencies that need to be corrected, work with the Participating Lender to correct such deficiencies, and purchase the Mortgage Loans as quickly as possible. h. At Mortgage Loan purchase, collect from Participating Lenders any extension fees due and advance to Participating Lenders any amounts owed with respect to DPA and lender compensation, including servicing release premiums due to the Participating Lenders under the Program. i. Warehouse the Mortgage Loans until pooled into MBS, unless other arrangements are agreed upon between TDHCA and the Master Servicer. j. Provide at least monthly and more often as agreed-upon with TDHCA, lists of Mortgage Loans eligible for pooling. A separate list shall be provided for Mortgage Loans eligible to be pooled into Ginnie Mae Certificates, and for Mortgage Loans eligible to be pooled into Fannie Mae or Freddie Mac Certificates. These lists shall be provided to TDHCA and to the TBA Provider.
