Kentucky Housing Corporation (KHC) is phasing the rollout of its new Loan Origination System (LOS), PowerLender. The start dates were based on lender relationship.
Delegated Lenders began making loan reservations in PowerLender on September 14, 2020.
Correspondent Lenders began making loan reservations in PowerLender on October 12, 2020.
Third Party Originator Lenders (TPO) began making loan reservations in PowerLender on December 7, 2020.
Any loans locked in KHC's previous LOS, Epic, will be completed in Epic.
Effective with all new reservations made in PowerLender and Epic, 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.
New reservations are only for lenders that are not active in PowerLender based on relationship and dates listed above.