Lender Alerts

Clarification - Ordering FHA Case Number And Appraisal

Dear Valued Partner,

Effective April 18, 2011, a case number must be ordered only when a lender has an active loan application for the subject borrower and property. At the time a case number is requested in FHA Connection, lenders are required to:

a) Certify that they have an active loan application for the borrower and property.
b) Provide the borrower's name and social security number for all new construction (i.e., proposed construction and existing construction less than one year old).

Note:
1. Appraisal on the property should only be ordered on / after the application taken date.
2. If the appraisal is ordered before the application taken date, this would not be accepted and a new appraisal will have to be ordered and the borrower may not be charged.

For additional information you may refer to Mortgage Letter 11-10 from this link:
http://portal.hud.gov/hudportal/documents/huddoc?id=11-10ml.pdf

If you have any questions, please feel free to call on your Account Executive at (800) 453-7884.

Sun West Mortgage Company, Inc.
18303 Gridley Road
Cerritos, CA 90703
Phone : (800) 453-7884