Does FHA require lenders to perform "on-site" reviews for all TPOs they sponsor?

No. The site review provisions only pertain to the offices of the FHA-approved lender itself. In addition, the revised QC requirements outlined in Mortgagee Letter 2011-02 pertain only to QC of FHA-insured loans originated through TPOs, and not the operational aspects of the TPOs themselves.

ML 11-02

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-03232