Before the transition to PowerLender begins, please review the Browser Setup Guide, ASC Hosted PowerLender Security FAQ, and Expected Behavior Troubleshooting. These documents cover some of the basics of setting up a browser to best work in the Hosted PowerLender environment. Your IT department will need to setup anyone's computer that will be using the new LOS before use.
Kentucky Housing Corporation (KHC) is phasing the rollout of its new Loan Origination System (LOS), PowerLender. The anticipated start dates (subject to change) are based on lender relationship.
Delegated Lenders began making loan reservations in PowerLender on Monday, September 14, 2020.
Correspondent Lenders began making loan reservations in PowerLender on Monday, October 12, 2020.
Third Party Originator Lenders (TPO) should begin making loan reservations in PowerLender on Monday, December 7, 2020.
Any loans locked in KHC's current LOS, Epic, will be completed in Epic.
Effective with all new reservations made in PowerLender and Epic, as of Monday, October 12, 2020, KHC fees are:
- KHC Administration Fee $175
- KHC Underwriting Fee $595 (TPO/Correspondent)
Use for new reservations based on lender relationship and dates above.(For assistance using PowerLender, see the video series.)
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.