CHAPTER 6. QUALITY CONTROL PLAN - …

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HUD Handbook REV-1, CHG-1, mortgagee Approval HandbookHUD Handbook REV-1, CHG-1, mortgagee Approval Handbook1 6-1 2004 The Caldwell Group, 6. QUALITY CONTROL PLAN6-1 GeneralAll FHA approved mortgagees, including Loan Correspondents, must implement and continuously have in place a QUALITY CONTROL Plan for the origination and/or servicing of insured mortgages as a condition of receiving and maintaining FHA approval. This applies to both the Single Family and the Multifamily Housing programs. A copy of the plan must be submitted when applying for mortgagee approval. This information collection is covered under the Office of Management and Budget s (OMB) CONTROL Number 2502-0005 (expiration date of October 31, 2006), and covers all information collection requirements in this CONTROL must be a prescribed and routine function of each mortgagee 's operations whether per-formed by a mortgagee 's staff or an outside source.

All FHA approved mortgagees, including Loan Correspondents, must implement and continuously have in place a Quality Control Plan for the origination and/or ...

  Approved, Mortgagee, Fha approved mortgagees