Version 3.5 of PowerLender went live on May 17, 2021. This version is compatible with Chrome, Firefox, etc. browsers and there is no need for JAVA plugins or various security portals to be open during use.
Kentucky Housing Corporation (KHC) is currently using PowerLender as its Loan Origination System (LOS). Any loans locked in KHC's previous LOS, Epic, will be completed in Epic.
Effective with all new reservations, as of October 12, 2020, KHC fees are:
- KHC Administration Fee $175
- KHC Underwriting Fee $595 (TPO/Correspondent)
Use for all existing reservations locked in Epic.