CHIF consistently receives the highest rating from FHA for its loan servicing, and is rated as Tier 1. Click here for more information.
Loan Servicing
The Connecticut Housing Investment Fund, Inc. operates a loan servicing business, and specializes in servicing affordable housing and community development loans. CHIF's clients are state, federal, and private mortgage lenders with housing, community development, and economic development loan portfolios.
CHIF delivers superior customer service to borrowers and mortgagees.
Features of the CHIF loan servicing services are:
- State-of-the-art servicing system
- Custom reports to investors
- Daily maintenance of the system to ensure consistency in loan data and reporting
- Paper reduction through optional e-mail reporting
- Real time responses to borrower inquiries
- Experienced staff sensitive to the special needs of low-income borrowers
- Ability to wire payments directly to investors
- Automatic payment drafting to ensure timely payments
- Overnight account sweeps into safe investments for maximum return to investors
For more information about CHIF's Loan Servicing Services, E-mail: portfolio@chif.org or call Cal Vinal at (860) 233-5165, ext 2028.
Staff from the City of New Britain discuss the transfer of their portfolio to CHIF for servicing. CHIF services three loan programs for New Britain.
CHIF staff regularly confer with staff from the Connecticut Department of Economic and Community Development in administering the Energy Conservation Loan Program.
CHIF Program Administrators are available to assist applicants with Energy Conservation and Home Improvement Loans.
CHIF offers a variety of loan programs for Connecticut homeowners. CHIF offers programs for first-time homebuyers, as well as programs for existing homeowners to make their homes more energy-efficient.