External SF Origination Quality Control
HUD OIG is conducting a review of a California-based mortgage lender that originates and underwrites FHA single-family loans. Our objective is to evaluate the lender’s quality control program for originating and underwriting loans.
External SF Origination Quality Control
HUD OIG is conducting a review of a California-based mortgage lender that originates and underwrites FHA single-family loans. Our objective is to evaluate the lender’s quality control program for originating and underwriting loans.
External SF Origination Quality Control
HUD OIG is conducting a review of a Missouri-based mortgage lender that originates and underwrites FHA single-family loans. Our objective is to evaluate the lender’s quality control program for originating and underwriting loans.
FY23 Annual GNMA Financial Statement Audit
HUD OIG has contracted with CliftonLarsonAllen LLP (CLA) to conduct the annual GNMA financial statement audit. The objectives of CLA’s audit are to (1) express an opinion on whether GNMA’s fiscal years 2023 and 2022 financial statements are fairly presented and adequately disclosed, in all material respects, in accordance with U.S.
FY23 Annual FHA Financial Statement Audit
HUD OIG has contracted with CliftonLarsonAllen LLP (CLA) to conduct the annual FHA financial statement audit. The objectives of CLA’s audit are to (1) express an opinion on whether FHA’s fiscal years 2023 and 2022 financial statements are fairly presented and adequately disclosed, in all material respects, in accordance with U.S.
FY23 HUD Financial Statement Audit
HUD OIG has contracted with CliftonLarsonAllen LLP (CLA) to conduct the annual HUD financial statement audit. The objectives of CLA’s audit are to (1) express an opinion on whether HUD’s fiscal years 2023 and 2022 financial statements are fairly presented and adequately disclosed, in all material respects, in accordance with U.S.
External SF Origination Quality Control
HUD OIG is conducting a review of an Illinois-based mortgage lender that originates and underwrites FHA single-family loans. Our objective is to evaluate the lender’s quality control program for originating and underwriting loans.
HUD Did Not Sufficiently Flag Unacceptable Physical Condition Scores To Assess Its Controlling Participants
We found 13 properties with consecutive REAC scores below 60 that were missing the required flags in HUD’s Active Partners Performance System (APPS) for unacceptable physical condition. This condition occurred because HUD did not have a quality control program to ensure that the account executives manually entered the flags into APPS and there was no automated process for flagging a property once it received the second consecutive below-60 REAC score. As a result, HUD relied on incomplete previous participation information to make decisions about f