Can a Supervised Mortgagee (bank or credit union) act as a sponsored Third-Party Originator (TPO)?

Yes.  A Supervised Mortgagee may act as a sponsored Third-Party Originator (TPO) that originates FHA-insured Mortgages for another FHA-approved Mortgagee.
 
For additional information see Handbook 4000.1 I.A.5.a.v available at: https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh

 

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-04139