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Does a Direct Endorsement lender who is approved for the 203(k) program need to be approved in another HUD office?

April 26, 2017Approved Endorsement HUD Lender Office program

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Does a Direct Endorsement lender who is approved for the 203(k) program need to be approved in another HUD office?

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No. However, the lender needs to submit their approval to the other HUD office where they wish to originate 203(k) loans. A preclosing review in the new HUD office will not be necessary.