Either the sponsoring lender, principal or authorized agent must pay the Upfront MIP (UFMIP) to FHA in a lump sum within 10 calendar days after the date of mortgage settlement or the date of disbursement, whichever is later.
For additional information on the Construction to Permanent Mortgage program see Handbook 4000.1 II.A.8.j.
Additional information on Endorsement Procedures is available in Handbook 4000.1 II.A.7.d
Handbook 4000.1 is available at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh