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FHA Announces Updates to Property and Appraisal QC Review Requirements | Weiner Brodsky Kider PC


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FHA recently issued Mortgagee Letter 2021-17 (ML 2021-17), which announces updates to certain Quality Control (QC) review requirements in the Single Family Housing Policy Handbook 4000.1 (SF Handbook 4000.1), Section V.A.3.c.ii(C), including the expiration of a COVID-19 temporary partial waiver of these requirements.
The temporary partial waiver, which was initially announced in June 2020 and extended in December 2020, sought to temporarily provide mortgagees with flexibility regarding QC field reviews of appraisals due to the COVID-19 pandemic.  The waiver permitted mortgagees to use third-party tools as an alternative to field reviews of appraisals but required mortgagees to continue to meet all other appraisal QC requirements in SF Handbook 4000.1 ....

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Underwriter, MLO, Relationship Mgr. Jobs; Sales, Pricing, Processing Tools; VA and FHA Changes


Underwriter, MLO, Relationship Mgr. Jobs; Sales, Pricing, Processing Tools; VA and FHA Changes
Jun 3 2021, 8:24AM
Here’s your pro tip of the day: occasionally blow on the wine in your coffee mug to convince the rest of the Zoom meeting that it is tea. Speaking of the working world, are you an “office worker” or, as Amazon tells its warehouse employees, an “industrial athlete” and to prepare one’s body for that experience is like someone training for a sporting event? Don’t pull a hammy logging onto the Ginnie site. It’s been four and a half months since Joe Biden was sworn in as the 46th president and there are still no picks to head FHA and Ginnie Mae. The Mortgage Bankers Associations latest survey tells that that, among its sample of retail lenders, the FHA share of total applications is nearly at 10 percent and the VA share of total applications is nearly 11 percent. (The USDA share is less than 1 percent.) So news of these c ....

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