What are the annual recertification requirements for FHA-approved Government Mortgagees?

To retain its FHA approval, a Government Mortgagee must complete FHA’s recertification process on an annual basis within 90 Days after their fiscal year end.
 
A Government Mortgagee, through a Corporate Officer, must complete a series of annual certification statements that address the Government Mortgagee’s compliance with FHA requirements over the Certification Period.  The Certification Period is the one-year period beginning on the first day of the Mortgagee’s prior fiscal year and ending on the last calendar day thereof.  The certification must be completed through the Lender Electronic Assessment Portal (LEAP) by a Corporate Officer of the Mortgagee who has been granted the Certifying Official authorization in FHA Connection (FHAC).
 
A Government Mortgagee is not required to pay a recertification fee or submit financial information.
 
For LEAP Information, including the LEAP User Manual, please visit the FHA Lenders page, Approvals & Renewals section, at: http://www.hud.gov/lenders   
 
Handbook 4000.1 I.A.3.c.iv(B)(1)(a) and I.A.8 are 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-05086