Regulacje i polityka gospodarcza · 14/12/2016

Federal Housing Administration (FHA): Direct Endorsement Program Timeframe for Conducting Pre-Endorsement Review

Through this document FHA advises that it is shifting the timeframe for FHA's review of loans prior to endorsement from pre- closing to post-closing. A lender applying for unconditional Direct Endorsement authority will therefore submit required loan files, required in accordance with HUD regulations, only after closing. After determining that the mortgage is acceptable and meets all FHA requirements, FHA will notify the lender that the loan has been endorsed.