1. Borrower applies via Lender

Lender receives application and performs eligibility screening.

2. Lender reserves Mortgage Revenue Bond (MRB) funds via eHousingPlus

Lender will reserve the funds online through the eHousingPlus Portal.

eHousingPlus reviews requests, confirms compliance, and formally reserves funds.

3. Loan underwriting and closing by Lender

Lender fully underwrites and closes the mortgage using its own capital.

4. Closed loan transferred to The Money Source, Inc. (TMS)

Post-closing, the loan package is sent to TMS for pipeline entry.

5. TMS validates loan package

Reviews documentation, completeness, and compliance before accepting the loan into the servicing pool.

6. MRB funds distributed to Lender

After the loan is accepted by and transferred to TMS, Lender is reimbursed.

For any questions/feedback please email us at: [email protected]

Equal Housing Opportunity