The Federal Housing Administration implemented enhancements to the FHA Catalyst: Case Binder Module that will enable mortgagees to more quickly, securely and accurately deliver case binders for single-family forward mortgages and Home Equity Conversion Mortgages.
Details on these changes can be accessed in FHA Info #21-30.
“It is refreshing to see continual improvement from HUD with automation, specifically the recent changes announced for the Catalyst system,” said Elly Johnson, president of All Reverse Pro, Hiram, GA and co-chair of the HUD Issues Committee. “The ability to receive and provide timely responses is much appreciated.”
All mortgagees may receive emails regarding case binder requests from FHA Connection (FHAC) to be uploaded to FHA Catalyst. To ensure receipt of these communications, mortgagees are encouraged to keep their email contact information current within the Lender Electronic Assessment Portal (LEAP) and FHAC.