The Mortgagee must ensure its Corporate Officers only represent a single Mortgagee, unless the following criteria are met:
- the Entities represented have some or all of the same Corporate Officers or Principal Owners; and
- there is a clear and effective separation of the Entities, and Borrowers know at all times exactly which Entity is being represented and with whom they are conducting business.
For additional information see Handbook 4000.1 I.A.3.c.iv.(B)(1)(b) at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh