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