• Which owners and officers of an FHA-approved lender must be reported to FHA?

• Does an FHA-approved lender have to report all officers with a title of Vice President or higher to FHA?

• Are Members of the Board of Directors a "corporate officer?"

• Will FHA use as its definition for "corporate officer" the same definition that NMLS uses for a "control person?"

• Are all officers with a title of Vice President a "corporate officer?"

• Does an FHA-approved lender need to report all branch managers as "corporate officers" to FHA?

• Must all FHA-approved lenders provide credit reports and resumes of "corporate officers" to FHA?

• When does a lender have to report corporate officer updates to FHA?  

• Which origination branch offices of a lender must be registered with FHA?
• Must taking an FHA loan application occur at a registered branch?
• Can loan officers be outstationed?
• What are the geographic limits for a lender's home or branch office when originating FHA loans?
• Does FHA allow net branching?
• What is a Direct Lending Branch and what are its registration requirements?
• What are the FHA lender requirements for branch office facilities and staffing?
• How does an FHA-approved lender register a new branch office?
• How do I originate FHA loans in a State where I have a license?

• Is holding a vocational/professional license in the real estate lending field equivalent to "employment"?

• Can a manager who is also a licensed real estate broker supervise loan originators that originate FHA loans? Does it make a difference if they are actively using their license by listing or selling real estate or not?

• Can a manager who oversees loan originators, but does not personally originate FHA loans, conduct real estate sales transactions on a part time basis if it is outside of the business of the mortgagee?

• Can a licensed broker represent a buyer in an FHA purchase transaction and also act as the Loan Officer on that transaction if they properly disclose this information to the borrower?

• Does the restriction on dual employment apply to non-loan officer employees of a mortgagee?

• Does the restriction on dual employment extend to other financial services related employment such as employment at a title company, financial planning, etc.?

• Does the restriction on dual employment apply to sponsored third-party originators being sponsored by FHA-approved lenders?

• If a real estate agent originates an FHA loan when they are not supposed to what are the ramifications? Could they lose their real estate license and/or LO license?

• Can an FHA-approved mortgagee acting as a sponsored TPO close the loan in its name and have the Mortgage Insurance Certificate (MIC) issued in its name?

• Can an FHA-approved mortgagee acting as a sponsored TPO close in its own name, regardless of whether it has unconditional Direct Endorsement (DE) authority?

• If the sponsored TPO is a direct lender, does the MIC have to be issued in the name of the sponsored TPO?

• Can an FHA-approved unconditional DE mortgagee set up a relationship with another unconditional FHA-approved mortgagee to act as a sponsored TPO in a sponsored TPO/Sponsor relationship and an authorized agent in a Principal/Authorized Agent relationship?

• Is the "FHA-approved mortgagee acting as a sponsored TPO" category limited to those lenders currently approved by FHA?

• FHA's "Sponsored Originator FAQs" issued after the May 12, 2011 Industry Call state an FHA-approved mortgagee acting as a sponsored TPO can close the loan in its name, but HUD Handbook 4155.2 states the loan must close in the name of the Sponsor. What is the applicable guidance?

• What is the link for the Sponsored Originator FAQ's?

• Can an FHA-approved mortgagee acting as a sponsored TPO access the FHA Connection to make an application for FHA Insurance on the case?

• Can an FHA-approved mortgagee acting as a sponsored TPO access the case in the FHA Connection?

• What is the definition of an FHA-approved mortgagee acting as a sponsored TPO?

• Can FHA-approved lenders acting as sponsored TPOs and closing in their own name with their own funds manage the appraisal process and be shown as the lender/client on the appraisal?

• Is the buying or selling lender of an FHA loan required to do the record change?

• Can the selling lender complete a record change before the loan is insured?

• How does a lender confirm that its request for a Mortgage Record Change (MRC) has been made?

• What does a lender do if it fails to report the record change within the 15 day deadline?

• What does the error message "1A Case not yet endorsed: Update will be processed when endorsement received" mean?

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