Updating the Sponsor/Agent
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Use Case/Appraisal Transfer to update the sponsor or agent for the current originator of a nonendorsed case. (See Site Map: Case Processing.) Only the current originating lender, sponsor, or agent on record in HUD's origination system can perform this change. However, if a sponsor is not on record for a case but remits the upfront mortgage insurance premium (MIP), the remitting sponsor can transfer the case to one of its branches as the new sponsor. The new sponsor/agent 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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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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