With the slowing in the mortgage marketplace and increasing importance of each origination, many smart mortgage companies have recently expanded their selection of mortgage products to include FHA insured mortgages. For conventional mortgage brokers and lenders who have not adding FHA insured mortgage doing so probably seems like an obvious step. Unfortunately, some local mortgage companies are intimidated by the FHA approval process and FHA's requirement that applicants obtain audited financial statements within the parameters of FHA audit rules.
Our firm is happy to explain the FHA application and annual recertification process and provide quotes to mortgagees needing audits for either. Originators new to FHA and may find out their existing CPA can't perform their audit for recertification due to HUD's audit requirements. Please contact Rod K. Dooley, CPA, PFS at (803) 799-7044 for more information.
803-799-7044