1. Program Offices
  2. Housing
  3. Sfh
  4. Lender
  5. Lendappr
  6. Government Mortgagee
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