Can I share a DE underwriter with a subsidiary?

A Direct Endorsement (DE) underwriter must be a full time employee of a single mortgagee. A DE underwriter may not underwrite loans for a parent or subsidiary of the underwriter's approved employer. A DE underwriter's authority is through the employer and does not extend under any corporate umbrella.

For policy information see Handbook 4000.1.I.B.3.b.i available at

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.

Topic Number: KA-02999