FHA – New Third-Party Vendor Authorization

Question: DU findings are stating that a third-party vendor form needs to be signed and acknowledged by the borrower. Is this form different than the borrower’s authorization form? Answer: In April, DU for Government Loans updated some messages in accordance with FHA’s ML 2019-01. The Mortgagee Letter incorporated Third Party Verification language into several topics in [...]

2019-08-22T09:46:41-05:00August 26th, 2019|

FHA Mortgagee Letter 2019-1, Third Party Verification Services, February 15, 2019, Effective February 15, 2019

Written By: Tracey Rumsey, Staff Writer It’s always nice to receive clarification on a subject versus just hoping that you’re right.  This is an important read if you use third-party verification services. Rule Synopsis: In a future 4000.1 Handbook revision, FHA will provide clarification regarding the use of Third-Party Verification contractor services in order to [...]

2019-03-10T14:40:21-05:00March 10th, 2019|