I terminated a branch office in the Lender Data Verification section of the annual recertification package; why is the fee for that branch office still included in the annual recertification fee?

The Mortgagee will be assessed a fee for the Mortgagee’s home office and for each branch office registered with FHA. Fees are calculated based on the Mortgagee’s program approval(s), Mortgagee type, and the number of FHA-approved branch offices as of the last business day of the Mortgagee’s 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.

For additional information, see Handbook 4000.1 I.A.8.c 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-05509