Due to the potential of temporary suspension of funding Rural Development loans, PHH will not purchase loans that are “Subject to the availability of commitment authority.” If a loan has been submitted with a Conditional Commitment that was “Subject to availability of commitment authority,” the seller must provide evidence from the Electronic Customer File (EFC) system that the file has been advanced to “Obligate Application.”
If you have any questions, please contact your Correspondent Specialist, Sales Executive, or contact us via the support line at 1-800-929-4744.
Thank you for your continued business.
Coming soon – PHH Mortgage is changing its name!
