This chapter allows the Lender to follow, in order, the originating process from application through loan closing.
Any bank, credit union, savings and loan association, savings bank or economic development corporation which makes commercial loans is eligible to become a participating Lender.
In order to participate, the Lender must send two signed Master Guarantee Agreements (Form 1) to WHEDA. The Master Guarantee Agreement is an agreement executed by the Lender and WHEDA which indicates the Lender's willingness to make loans in accordance with the terms and conditions established in the Lender's Manual. WHEDA will sign the Agreements and return one to the Lender. WHEDA must have the signed agreements before we can provide a guarantee on any loan.
