Updating the Originator ID
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Use Case/Appraisal Transfer to record the transfer of a nonendorsed case to a new originating lender prior to endorsement. (See Site Map: Case Processing.) The case should not be canceled. Only the originating lender or lender's sponsor/agent on record in HUD's origination system can perform the case transfer, and a written Letter of Assignment is required in the case binder. The new loan originator must be an FHA-approved lender authorized for the type of FHA case and authorized to originate loans in the geographical location of the property. |
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Note:
Following endorsement, a change in the holding and/or servicing lender
must be recorded using Servicer/Holder Transfer.
(See Site Map: Single Family Servicing, Mortgage
Record Changes.)
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If an error occurs, the Case/Appraisal Transfer page appears noting any errors. |
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Otherwise, if the transfer is successful, the Case/Appraisal Transfer Results page appears. |
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