How Does AMLs FHA Process Work ?
• Manage the entire licensing process to ensure that everything is complete and expedited • Collect all necessary information on the company and principal officers • Complete the FHA application • Provide quotes from CPA’s for your company’s audited financials • Review CPA’s audit to ensure that it will be approved by HUD • Prepare all necessary certifications • Prepare FHA approved Quality Control Plan – This saves you $$$$ in attorney fees • Collect documents from your company (credit reports, resume, pictures of your office) • Provide a Sponsored Lender or work with your preferred lender • Correspond with HUD until your application is approved. To obtain your HUD/FHA License through American Mortgage Licensing your fee would be $1,295 for AML’s services and this includes an FHA approved Quality Control Plan. The fee paid directly to HUD is an additional $1,000 and is not due until the application is ready to be filed.
