The Mortgage Bankers Association sent a letter to the Department of Housing & Urban Development on the proposed changes to its loan-level certification form, HUD 92900-A, HUD/VA Addendum to Uniform Residential Loan Application.

The goal of this revision to the certification is to clarify the scope of liability associated with errors that can occur in the origination of Federal Housing Administration-insured mortgages, and to foster a strong culture of quality control in the program.

The MBA says it agrees with this goal because it is in the best interests of lenders, FHA, and consumers to ensure that the FHA can operate safely while continuing to serve as a gateway for affordable mortgage credit.

The MBA also believes it is in the best interest of all stakeholders to have a loan-level certification that acknowledges the commitment to high-quality, good-faith underwriting exhibited by the vast majority of lenders.

The full text of the letter can be read here.