Effective Date of Implementation of the Federal Housing Administration’s Loan Review System, and Change in Effective Date for Timeframe for Conducting Pre-Endorsement Mortgage Reviews for Unconditional DE Authority
Purpose The purpose of this Mortgagee Letter (ML) is to:
>> notify Mortgagees that the implementation date of FHA’s Loan Review System and the effective date of changes to selected sections of Handbook 4000.1, FHA Single Family Housing Policy Handbook, which were published in ML 2017-03, Federal Housing Administration (FHA) Loan Review System – Implementation and Process Change is May 15, 2017
>>advise Mortgagees of the change in effective date to selected sections of Handbook 4000.1, FHA Single Family Housing Policy Handbook,which were initially published in ML 2016-21, Direct Endorsement Program – Timeframe for Conducting Pre-Endorsement Mortgage Reviews for Unconditional Direct Endorsement Authority, from April 1, 2017 to May 15, 2017.
Effective Date Unless otherwise noted in the text of this ML, all policy updates are effective on May 15, 2017. All policy updates will be incorporated into a forthcoming update of the FHA Single Family Policy Handbook 4000.1
Source From: https://portal.hud.gov/hudportal/documents/huddoc?id=17-08ml.pdf
