All Information Updates must be submitted within 10 business days of the change. An Information Update is any change to a Mortgagee’s basic institution or branch information in FHA systems that can be directly managed by the Mortgagee.
The Mortgagee must submit Information Updates, as applicable, for the following information:
- addresses for correspondence
- point of contact
- all other contact and identification information
- branch office information
- Corporate Officers
- principal/authorized agent relationships
- cash flow accounts
Corrections to lender information in LEAP will update Neighborhood Watch.
For information about using LEAP, refer to the LEAP User Manual located at: https://www.hud.gov/lenders under the LEAP Information link in the Approvals & Renewals section.
Handbook 4000.1 I.A.7.a.-b.is available at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh