How does a Lender who is already Title I or Titel II approved obtain the other approval?
You file a full lender application package with the following exceptions: 1. No application fee is required. 2. If you are using the same home office that was used for your FHA Lender approval, you don’t need to submit any evidence of meeting the office facilities requirements. 3. If you have already have on file with us a CPA audit (either the audit you used to obtain initial approval or an annual renewal audit submitted to us via of the Lender Assessment SubSystem) that is less than 12 months old, you don’t need to give us a new audit.
