FHA Connection

From LoveToKnow Mortgage

One of the most valuable and widely used resources available to Federal Housing Administration (FHA) approved mortgage lenders and business partners is the FHA Connection.

FHA Connection

FHA Connection Explained

The FHA Connection helps lenders provide their customers with the fastest and most efficient home loan processing service possible. Approved mortgage lenders who register for the FHA Connection have access to the United States Department of Housing and Urban Development’s (HUD) computer system.

Mandatory Usage

FHA Connection expedites the processing of HUD loans. Use of the system is actually mandatory for taking care of many issues related to originating, processing, and servicing loans on single family homes guaranteed by the FHA.

HUD does not accept telephone or mail inquiries for FHA loan details that can be retrieved through the secure electronic system. For example, case status updates and case numbers can be obtained only through FHA Connection.

Benefits

Since 1998, HUD has required lenders to utilize an electronic system for processing FHA insured home loans for single family dwellings. In order to expedite electronic processing of such records the agency created and made available a secure online system. The application is a powerful tool that allows approved lenders and FHA approved business partners to connect directly to HUD’s computer systems for a variety of purposes, including:

  • Originating FHA loans for single family homes
  • Servicing FHA loans for single family homes
  • Updating lender record details
  • Requesting case numbers
  • Processing case queries
  • Updating information on an existing case
  • Reassigning appraisers
  • Recording appraisal information
  • Recording insurance information
  • Making borrower changes
  • Requesting duplicate certificates of mortgage insurance
  • Submitting delinquency information
  • Retrieving information about title approval
  • Viewing details about mortgage insurance premium payments

Additionally, FHA approved business partners and HUD employees are able to access many functions and applications via the electronic system, including:

  • Appraiser Review
  • Underwriter Review
  • Lender Assessment Subsystem (LASS)
  • Multifamily Delinquency and Default Reporting System (MDDR)
  • Physical Assessment System (PASS)
  • Web-based Line of Credit Control System (eLOCCS)
  • Active Partners Performance System (APPS)

Getting Started

Approved mortgage lenders and business partners may register for access via the program welcome page. Each eligible organization must designate an employee to act as the coordinator for its application. This individual is required to register as an application coordinator and handle the registration process for his or her company.

Once registered, additional employees will be able to receive access codes and begin using the system. Once the application has been processed and approved the next step is to learn to navigate and use the system. There is a help icon on each screen, which is beneficial for guiding users throughout the intricacies of the different modules.

Comprehensive online training materials developed by HUD are available for users at no charge. The web-based FHA Connection Guide provides details about how to get started with the system, as well as information on the many different resources and functions available through the system.

Training resources available in the online user training guide include:

  • Quick start guide for getting started with the application
  • Detailed training for use, administration, resources, and functions
  • User assistance contacts
  • Links to training materials
  • ”What I Need to Know (WINK) tutorials for various processing needs
  • Details on mortgage insurance premiums, billing, collection, and reconciliation
  • Frequently Asked questions
  • Comprehensive users guide
  • Help function

Mortgage Processing Implications

Registered users are able to send and receive information via HUD’s secure computer systems. Mortgage industry professionals who utilize FHA connection have real time access to HUD’s computer system that is both direct and secure. This enables approved lenders to quickly obtain needed research and data. It also provides for an efficient means of updating FHA files..

Retrieved from "http://mortgage.lovetoknow.com/FHA_Connection"

 


Comments

Grace, contact your lender again and find out exactly where you stand with your loan. You should also contact FHA to find out if you qualify for the program your lender talked about. Before you call, make sure you have all do...entation regarding your mortgage loan and income in front of you so you don't wind up on hold and disconnected again. Good luck.

-- Contributed by: Tamsen Butler

I called my lender to refinace my loan I was denied and was trasfered to customer service, they mentioned since I'm 3 notes behind FHA is assisting home owners to lower theyre intrest rates and it would lower my house note which is crutial for me to keep my home. I didn't have on hand all the information they required to prosses my application so it was put on hold. When I called back to supply them with the information they had NO IDEA what I was talking about. I NEDD HELP!

-- Contributed by: Grace

Teena, when it comes to dealing with mortgages and the FHA (and even without the FHA) you should expect things to take a while. Contact the FHA if you feel the process is taking longer than it should.

-- Contributed by: Tamsen Butler
> See All Comments on this article    


Comment on FHA Connection



(Displayed with your comment)                        (Will not be displayed)
Verification Code:   
    

Mortgage Categories
LoveToKnow Tools
More Articles