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SFH Guaranteed Origination
July 24, 2023
Updated HB-1-3555, Chapter 3, Lender Approval
The Single Family Housing Guaranteed Loan Program (SFHGLP) is pleased to announce revisions to technical Handbook-1-3555, Chapter 3, Lender Approval. These changes became effective upon the recent issuance of a Procedure Notice (PN). Below are the highlighted revisions:
Chapter 3 – Lender Approval
- Paragraph 3.3 was revised to update the contact information for submitting applications for lender approval.
- Paragraph 3.3A was revised to provide additional guidance on the minimum requirements for a lender’s quality control plan and to update the contact information for reporting violations of laws or regulations, false statements, and program abuses.
- Paragraph 3.3B was revised to identify the additional requirements for quality control plans that apply to servicing lenders.
- Attachment 3-A, Lender Approval Checklist, was revised to update the Agency’s contact information and to provide additional guidance on the minimum requirements for a lender’s quality control plan, as described in Sections 3.3A and 3.3B.
Questions regarding program policy and this announcement may be directed to the National Office Division at sfhgld.program@usda.gov or (833) 314-0168.
Thank you for supporting the Single-Family Housing Guaranteed Loan Program!
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