|Case Processing Menu
|Allows users to:
a New Case in the Computerized Homes Underwriting Management
System (CHUMS). The Validate Borrower/Address for Case Number
Assignment function in this process allows input of borrower
and address information for validation purposes.
an Existing Case. This function allows a lender, its agent,
or sponsor to correct case information prior to endorsement
of the case.
Holds Tracking to monitor all cases held during Case Number
Assignment processing for overnight validation of all borrower
identification information, and any cases held due to duplicate
address, HOC review of lender, or inability to access refinance
Tracking to determine if subsequent changes to borrower information,
e.g., using Borrower/Address Change, passed or failed overnight
||Allows a lender
to record appraisal information if it is a prerequisite to insurance.
Appraisal information may be corrected prior to endorsement.
a lender to add, review, or change insurance application information
for a case prior to endorsement. For lenders participating in the
Lender Insurance (LI) program, Insurance Application is also used
to endorse a case (excluding HECM cases).
|HECM Insurance Application
||Allows a lender to review,
add, or change Home Equity Conversion Mortgage (HECM) information
for a case prior to endorsement.
|203k Calculator (with FHA Case Number)
||For a specified 203(k) FHA case number, it provides the maximum base mortgage amount, loan-to-value (LTV) factor for maximum mortgage eligibility, calculation of the LTV for the application of the annual mortgage insurance premium (MIP), and details of the escrow account.
||Available only to lenders
approved for the Lender Insurance (LI) program. Binder Selection
is used by LI lenders to get a list of case binders that were requested,
received (including binders for cases awaiting endorsement), or
not accepted, as well as case binders for which additional documentation
was requested or received by the HOC.
||Allows a lender to review
and update borrower details and property information prior to endorsement.
||Lists available information
on a potential borrower's default, claim, judgment, or foreclosure
on a past government loan or guarantee.
||Provides case details including
current status, mortgage appraisal, closing, upfront MIP, insurance
or general case information.
||Allows a lender who is currently
assigned to the case to transfer the case to a new lender, sponsor,
or sponsored originator.
||Allows the originator or
sponsor/agent to view and print the Conditional Commitment form
issued by HUD for a HUD-processed case (not used for DE cases).
||Allows a lender to determine
the maximum allowable Energy Efficient Mortgage (EEM) amount for
energy efficient home improvements.
|Electronic Binder Additions
||Available only to lenders
approved for the Lender Insurance (LI) program. Electronic Binder
Additions Upload allows LI lenders to add requested (missing, additional,
or revised) documentation to the electronic case binder.
||After a loan
is endorsed for FHA insurance, Escrow Closeout is used by the lender
to certify that the escrow for a loan (case) has been properly closed
out. It is applicable to the following escrow types: 203k (rehabilitation),
Energy Efficient Mortgage (EEM) improvements, and Repairs to the
||Allows the originator or
sponsor/agent to view and print the Firm Commitment form issued
by HUD for a DE test (preclosing) case or a HUD-processed case.
|HECM Financial Assessment
||Allows lenders to evaluate the ability of the borrowers to meet their financial obligations in a timely manner and comply with Home Equity Conversion Mortgage (HECM) requirements.
||Allows lenders to specify the housing counseling agencies to which the borrower(s) of a Home Equity Conversion Mortgage (HECM) loan was referred.
|| Allows assignment or reassignment
of inspectors, addition and update of compliance inspection information
(inspector ID and date), and deletion of the inspector and compliance
||Allows lenders to request
a list of either MIC or NOR cases. These are cases that were recently
endorsed for mortgage insurance and issued a Mortgage Insurance
Certificate (MIC) or that were not endorsed for mortgage
insurance and issued a Notice of Non-Endorsement (also known as
a Notice of Return (NOR)).
| MIP Calculator
|| Allows a lender to determine
the upfront and annual MIP for loans assigned an FHA case number
on or after July 14, 2008 (see Mortgagee Letter 2008-22). The MIP
Calculator is not used for HECM cases or cases under the following
Sections of the National Housing Act: Section 223(e) - Declining
Neighborhoods, Section 238(c) - Military Impact Areas in Georgia
and New York, Section 247 - Hawaiian Homelands, and Section 248
- Indian Lands.
| Mortgage Credit Reject
|| Allows a lender to add,
update, delete, or view borrower mortgage credit rejection information
for a nonendorsed DE case. This information is reported when an
FHA-approved underwriter determines that a borrower poses a credit
risk and is ineligible for a mortgage.
| Mortgage Insurance Certificate
|| Used (after a case is endorsed
for FHA insurance) to view and print a Mortgage Insurance Certificate
(MIC). The MIC serves as evidence of FHA insurance on the mortgage
| Notice of Return
|| Allows authorized HUD personnel
to specify the reason(s) a mortgage loan (case) cannot be endorsed
for FHA insurance and to issue a Notice of Return (NOR). In the
NOR resolution process, the originator and/or sponsor can use Notice
of Return to view and print the NOR.
| Post-endorsement Borrower
|| Allows loan originators,
sponsors, holders, or servicers to use the FHA Connection to correct
borrower SSNs after endorsement. The case must be an active case
in the Single Family Insurance System (SFIS).
| Refinance Authorization
|| Allows lenders to access
new refinance information (including refinance credit), and update
the projected closing date, contact name, or phone number. (Not
applicable to HECM refinance cases.)
| Refinance Credit Query
|| Used to determine the refinance credit available for an active FHA-insured
loan (case) that is being refinanced. It provides 30-day and 60-day
calculations based on the projected closing date of the new loan.
(Not applicable to HECM refinance cases.)
||Used to enter information on funds directly provided to the borrower in order to meet the required minimum case investment. Secondary financing is defined as any financing other than the first mortgage that creates a lien against the property.