Government Mortgagee

A Government Mortgagee is a federal, state, or municipal governmental agency, a Federal Reserve Bank, a Federal Home Loan Bank, the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac), or the Federal National Mortgage Association (FNMA, or Fannie Mae).

If the applicant does not fall into one of the above categories, then the applicant must provide supporting documentation to demonstrate that it is eligible for FHA approval as a Government Mortgagee.

Eligibility Requirements for FHA Program Approval	Online Application Attachment Category	Required Documentation	Standards
Errors and Omissions Insurance	Errors & Omissions Insurance	Full Policy	$300,000 minimum coverage amount Insured Party must be the exact name of the Mortgagee Current policy must not expire until after the application process
Fidelity Bond	Fidelity Bond	Full Policy	$300,000 minimum coverage amount Insured Party must be the exact name of the Mortgagee Current policy must not expire until after the application process
Quality Control Plan	Quality Control Plan	Quality Control Plan	Plan must include all requirements from the Handbook 4000.1 Section V.A.1 through V.A.4
Ownership and Personnel	Resume(s)	Resume for Officer in Charge	Must cover most recent 7-year period Must provide enough detail to demonstrate person has 3 years of experience in the specific Mortgagee functions or activities that the Mortgagee is seeking approval to perform Person must be employed exclusively by the Mortgagee
Ownership and Personnel	Resume(s)	Resume(s) for Corporate Officer(s)	Must cover most recent 7-year period Include current resume for each person identified as a Corporate Officer who will be directly involved in managing, overseeing, or conducting FHA business

Important Links

FHA Single Family Housing Policy Handbook

Consolidated Audit Guide for Audits of HUD Programs

Initial Certification Statements

Application Fees

Online Application