Processing FHA TOTAL Mortgages - Freddie Mac

July 2017 Processing FHA TOTAL Mortgages Introduction This reference contains information to help you process Federal Housing Administration (FHA) Mortgages using Freddie Mac Loan Product AdvisorSM, including information on data entry requirements, obtaining the required merged credit report, completing an assessment and the FHA TOTAL mortgage Scorecard Feedback Certificate. The FHA TOTAL mortgage Scorecard (FHA TOTAL ) is a credit assessment engine developed, housed and maintained by the Department of Housing and Urban Development (HUD) to assess the credit worthiness of FHA borrowers and to predict the default probability of FHA loan applicants.

For the latest updates and changes from FHA regarding their policies and regulations, refer to their HUDCLIPS ... time with less work than manual underwriting. However, the following FHA procedures remain the same when ... Gift Amount (if applicable) The amount of gift(s) in whole dollars. Required on all FHA loans if gift funds

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