FHA Revises Annual Lender Certification Statements

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.

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The new statements are effective as of January 1.

View the annual recertification page.

Written by Elizabeth Ecker