What type of approval does a lender need to originate and/or underwrite and/or service Title II Single Family Loans, including HECMs (Reverse Mortgages) or 203k (Rehabilitation mortgages)?
Any company that wants to originate, underwrite, fund, service or own FHA loans must have its own approval. It cannot use another company's approval including any related companies. Originations: Any lender approved by FHA to originate FHA Insured Title II Single Family loans can originate any type of FHA Title II Single Family Loan, including [...]