A Notice of Material Event is the method of submitting a required notice to FHA of a change to the information provided by the Mortgagee at application as evidence of approval eligibility, or a change that affects the Mortgagee’s standing as an FHA-approved Mortgagee.
The Mortgagee must:
- include a cover letter signed by a Corporate Officer summarizing the business change(s); and
- submit any required documents as specified in Handbook 4000.1 I.A.3.c. or as described in the LEAP User Manual.
The LEAP User Manual is located at: https://www.hud.gov/lenders under the LEAP Information link in the Approvals & Renewals section.
Handbook 4000.1 I.A.3.c & I.A.7 is available at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh