Coming soon – PHH Mortgage is changing its name!
Coming soon – PHH Mortgage is changing its name!
Loans must be meet all Agency guidelines, federal, state and local regulatory requirements, any applicable PHH overlays or limitations, and have an AUS approval from the applicable Agency. For FHA-NTC (Non-Traditional Credit), PHH may accept...
Resources > FAQ > CHAPTER-5-UNDERWRITING-OPTIONS > 5-3-Sellers-Approved-as-Non-Delegated > 5-3-3-Loan-Eligibility
FHA Loans: Principal and Authorized Agent sponsorship is available to approved Clients. Clients must request an Authorized Agent sponsorship from PHH at time of approval.
VA Loans: VA Non-Supervised Sponsored Agent sponsorship is...
Resources > FAQ > CHAPTER-5-UNDERWRITING-OPTIONS > 5-3-Sellers-Approved-as-Non-Delegated > 5-3-4-Government-Sponsorship
PHH offers Non-Delegated Clients access to the Scenario Help Desk (SHD) to review underwriting scenarios prior to a Client submitting a Credit File to PHH for underwriting. SHD will review parameters of a Loan, but the final underwriting decision...
Resources > FAQ > CHAPTER-5-UNDERWRITING-OPTIONS > 5-3-Sellers-Approved-as-Non-Delegated > 5-3-5-Scenario-Help-Desk
All Loans submitted to PHH for underwriting must be transferred into a FINAL status in FNMA desktop originator (DO) or in a FINAL ASSIGNMENT status in FHLMC Loan Prospector Advisor (LPA).
DO sponsorship is available to approved Clients....
Resources > FAQ > CHAPTER-5-UNDERWRITING-OPTIONS > 5-3-Sellers-Approved-as-Non-Delegated > 5-3-6-Automated-Underwriting-System-(AUS)-Sponsors
All Loans submitted to PHH for underwriting review must meet all PHH and Agency guidelines and comply with all applicable local, state and federal laws and regulations. Clients are responsible to ensure all Loans are in compliance with Chapter...
Resources > FAQ > CHAPTER-5-UNDERWRITING-OPTIONS > 5-3-Sellers-Approved-as-Non-Delegated > 5-3-7-Requirements-of-Credit-File-and-Loan-File-Su