Workflow
203k Substantial Rehabilitation
Borrower Takes Preliminary Steps and Applies for Mortgage
Research Information Using the FHA Connection
Request an FHA Case Number for the Mortgage
Case Number Assigned
or
Case Is Put on Hold
203k Consultant Visits Property (if required)
Record Appraisal Information
Perform Mortgage Credit Analysis
Mortgage Credit Accepted
or
Mortgage Credit Rejected
Mortgage Closes
Submit Mortgage Insurance Application
Send Case Binder to the HOC
HOC Reviews Case
Mortgage Insurance
Certificate (MIC) Issued
or
Notice of Non-endorsement
(Notice of Return (NOR)) Issued
Repairs Are Made and Work Is Inspected
Close Out Escrow