The Federal Housing Administration’s (FHA) new electronic annual certification became mandatory for FHA-approved lenders Tuesday. The electronic form replaces the V-Form, which previously was the only component of the annual certification process that was completed and submitted manually. Replacing this paper process with the electronic annual certification makes it possible for FHA-approved mortgagees to complete the entire annual renewal process electronically, FHA commissioner David Stevens said in a letter to lenders. Corporate officers and principal owners with authority to legally bind the lending institution are the only ones permitted to complete the annual certification, and in the process of verifying the certification, the Social Security number of the official will be verified, Stevens said. The electronic form is accessed through a lender’s FHA Connection account, which includes instructions for completing the certification. Write to Austin Kilgore.
FHA Online Certification Goes Live
Most Popular Articles
Latest Articles
Real estate farming: Become the go-to agent in your area using these tips, tools & strategies
Learn how to generate a steady pipeline of real estate leads and clients in your area using this proven approach.
-
Zillow believes the evolution of the industry will only help it grow
-
All parties have settled the Sitzer/Burnett suit, so what’s next?
-
Longtime reverse mortgage leader Scott Norman appointed CEO of Texas MBA
-
Rates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies
-
The unchanging