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To contact Compliance Consulting Corp: |
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Phone: (561) 586-3645 Fax: (561) 586-6335 E-mail: info@ComplianceConsultingCorp.com |
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Compliance Consulting Corporation |
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Faithfully serving the mortgage industry since 1991! |
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Our FHA Approval Assistance service includes our expert creation, review and submission of your application package. We’ll let you know if there are potential issues with your submission package that would prevent or delay HUD approval AND we’ll work with you to make things right! See Reference Letter(s) |
FHA Approval Assistance Service Summary |
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Our FHA Approval Assistance service includes all of the materials required to get your business FHA approved and our expertise as a liaison between you and those with approval authority at HUD. In addition to providing you with our FHA Application Kit, we will: > Prepare a fully completed application form ready for your signature > Provide necessary documents (prepared specifically for your company) for submission to HUD > Review all documents for correctness, keeping a careful watch for things that would prevent HUD approval or cause your application to be conditioned for further documentation or explanation > Monitor your application throughout the approval process and responding to HUD questions or concerns regarding your approval |
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The need for FHA approval assistance services is growing at a rapid pace. Becoming FHA approved is paramount to the success of many mortgage companies today. If you are not familiar with the FHA approval process, don’t put your timely approval at risk by submitting an application package that will be denied or conditioned. HUD reports that 95% of the initial applications they receive requesting approval are simply - not approvable.
Compliance Consulting Corporation has helped more companies get FHA approved in the last year than in the last 10 years put together. We know what HUD expect and we make the process simple and efficient for our clients. With our help you will save time and frustration!
Basic HUD/FHA Requirements To become a loan correspondent, a business must: 1. Have a net worth of at least a $1M (20% must be liquid) with supporting audited financials 2. Have a senior company officer with at least 3 years of experience originating and/or processing mortgage loans 3. Have a $1M warehouse line 4. Have E&O insurance 5. Have a fidelity bond 6. Have an office in a commercial location separate and apart from any other entity 7. Have signage outside
Note: There is nothing requiring seasoning of a mortgage business before approval can be issued. New mortgage companies can be approved right away! |
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Price: $995.00 |
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Our FHA Approval Assistance services increase your likelihood of timely HUD approval. |
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FREE Practice Test Qs (NMLS) |
