Let’s Chat About HFA Solutions at the NCSHA’s 2022 Annual Conference
The work of state housing finance agencies (HFAs) across the country has never been easy. But it’s safe to say that it’s rarely been tougher than in recent years, as pandemic-related hardships added hundreds of thousands of homeowners to the population in need of housing support.
Between COVID-driven job losses and forbearance plan expirations followed by inflation reaching a 40-year high, homeowners have been faced with challenge after challenge over the last few years. These challenges put added pressure on housing agencies whose missions are focused on helping homeowners in need.
When representatives of state housing finance agencies gather in Houston on October 22-25 for the National Council of State Housing Agencies (NCSHA) Annual Conference and Showplace, the affordable housing community’s top challenges will be a main topic of conversation.
Hardships Compounding State HFA Challenges
Over the last few years, the increase in homeowners in need of immediate assistance resulted in a flood of work for the housing agencies.
Take the Homeowner Assistance Fund (HAF) for example. The federal program was put into place this past year to help struggling homeowners and prevent foreclosures, delinquencies, homeowner displacement, loss of utilities and home energy services, and defaults. And the housing finance agencies were put in charge of distributing the funds in the timeframe homeowners need.
What exactly does this task look like? Simply put, a lot of paperwork to go through and a lot of stress.
Big Jobs Call for Big Solutions
Allocating HAF funds is a big job in and of itself – and will likely be a topic for discussion at the upcoming NCSHA Annual Conference – but it’s not the housing agencies’ only job. MetaSource is fully aware that all other programs the agencies provide don’t come to a stop when a new one launches.
That’s why we provide a suite of solutions to help your HFA expedite turn times, reduce costs, ensure compliance, and effectively provide homeowners with the assistance they need when they need it.
MetaSource is proud to be the go-to solution provider for state housing agencies. With decades of mortgage industry experience and an array of tools built to streamline and automate tasks, we can help you optimize various processes and fulfill your mission. Our solutions for HFAs include:
- Whole Loan Purchase Review Solution
- Loan Boarding and Portfolio Transfers
- MERS QA Audit Services & Technology
- Mortgage Lien Release & AOM Services
- Homeowner Assistance Fund (HAF) Support
- Document Management Solution
And we’ll be at booth #26 at the NCSHA’s 2022 Annual Conference and Showplace in Houston, Texas to talk all about them! Interested in meeting up at the event to learn how we help your peers and how we can help you too? Contact us to set up a meeting with one of our industry experts.