Available On-Line! FHA’s Post-Closing Handbook (4000.1)

0 0

On May 18, 2015 the Housing and Urban Development/Federal Housing Agencies announced that a draft version of their Origination Thru Post-Closing/Endorsement Handbook is available on-line via a link from their HUDCLIPS web page. The link will direct them to the Handbook on the AllRegs online electronic policy platform.

This is truly a step in the right direction for FHA as this online Handbook will be much easier to navigate for interested parties.  The policies in the handbook are now scheduled to go into effect on September 14, 201.  Instead of paging through a PDF file, users will be able to easily access specific sections and subsections of the Handbook and also have “Search” capabilities.

I suggest underwriters, appraisers, loan processors, loan officers and anyone interested start accessing this online Handbook and become familiar with how to navigate the screens and search for particular topics.  Best of all, access to the online Handbook is FREE.  The PDF version of this Handbook is scheduled to be removed on September 11, 2015.

Try it out! I think you will agree that this is a major improvement in the way industry personnel can access FHA underwriting policies.  The link from HUDCLIPS is as follows:

FHA’s Handbook Online (Then click on the 4000.1 Handbook)

About the Author

Gerry Glavey

Gerard (Gerry) Glavey is Senior Vice President / Chief Credit Officer for LoanLogics. Gerry has decades of experience working in residential mortgage credit and compliance and brings insights that few in the industry can match. In his role, he develops new services and provides support for all post close quality control and quality assurance, pre-close quality control, due diligence services, and document processing services. He spent 37 years with the US Department of Housing and Urban Development, where most recently he was the Director, Processing and Underwriting Division for the Home Ownership Center (HOC) in Philadelphia. In this capacity, Mr. Glavey was responsible for the administration of all HUD/FHA Single Family Loan Origination activities, including underwriting, appraisal and endorsement for the 16 state jurisdiction of this HOC.