To: VHDA Originating Lenders
Date: August 23, 2007
VHDA Reservation Fees and Miscellaneous Updates
In an attempt to more efficiently distribute Expired Reservation Fee invoices, VHDA is changing its internal system and would like to collect the name and address of a contact person in your company that will be the recipient of Expired Reservation Fee invoices.
We hope that by collecting this information and sending the invoices to a designated party, collection of these outstanding fees will be simplified which could ultimately result in less penalty fees to the Lenders.
Please send the contact’s name, company name, branch address, email address, telephone number and fax number to Sandy Redd, or you may reach her at 804-343-5820. Please designate one contact only who will be able to disseminate this information throughout the company.
Reminder of Change in Tax Service Fee:
The tax service fee charged on VHDA serviced loans closed on or after September 1, 2007 will be reduced to $45.00, and will be netted from the loan proceeds check. The tax service provider will change to LandAmerica. If you have any questions, contact Sheila Pollard at 804-343-5976.