Case Query Displays Upfront MIP Payment Information

Use the Upfront MIP Received Date field provided on Case Query to determine when the upfront mortgage insurance premium (UFMIP) payment was received by CHUMS. The case can be endorsed for FHA insurance seven (or more) business days following this date. This ensures that the lender has sufficient funds to cover the MIP payment before the case is endorsed. This rule is applicable to both Forward and Reverse (Home Equity Conversion Mortgage (HECM)) loans.