What are the office facilities requirements for FHA approved lenders?
Office Facilities. The mortgagee may conduct its FHA loan origination, underwriting and/or servicing activities from any FHA registered locations (home office and registered offices). A mortgagee is fully responsible for the actions of its offices. Mortgagees that lease space from a real estate agent must assure compliance with RESPA requirements. A. Home office. Each applicant must identify which location they consider their main or home office for FHA mortgage activities. It doesn’t have to be the entity’s corporate office. A mortgagee’s home office facilities must: 1. Have adequate office space and equipment; 2. Be in a location conducive to mortgage lending; 3. Be located in a commercial space that is separate and apart from any other entity. A mortgagee may share general reception-type entrances or lobbies with another business; 4. Be clearly identified to the public so that loan applicants and mortgagors will know, at all times, exactly with whom they are doing business. This inc
