The Federal Housing Administration is making changes to its annual lender certification statements, the agency announced in a memo this week.
Those lenders who are FHA-approve must complete a recertification package annually; at the end of each fiscal year. That package must include from the lender, through a Corporate Officer, a series of certification statements that cover the lender’s compliance with FHA policies over the previous year-long period.
Any lenders unable to certify to the statements must submit a detailed explanation for each certification it is unable to complete, including documentation to support those explanations, FHA explains.
The new statements are effective as of January 1.
View the annual recertification page.
Written by Elizabeth Ecker