Last week, the Federal Housing Administration published FHA Info #20-11 which announced the annual recertification for lenders with a fiscal year ending December 31, 2019, is due no later than March 31, 2020.
Lenders are urged to complete their annual recertification package as soon as possible. If audited financial statements are unavailable, the Lender Data Verification, Certification, and Payment steps can be completed at any time.
If lenders do not want to renew their FHA approval, they must log-in to the Lender Electronic Assessment Portal (LEAP) and submit a voluntary withdrawal request. Failure to comply with the annual recertification requirements does not constitute a voluntary withdrawal.
For questions about the Lender Annual Recertification process, contact the FHA Resource Center at answers@hud.gov or call 1-800-CALLFHA (1-800-225-5342).