FHA Single Family Housing Policy Handbook 4000.1, I. > DOING BUSINESS WITH FHA > B. Other Participants > 6. Closing Agents — b. Application and Approval Process
HUD effective date: 09/30/2016 · section I.B.6 · Handbook 4000.1
FHA Single Family Housing Policy Handbook 4000.1, Part I — b. Application and Approval Process (09/30/2016).
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Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, I. > DOING BUSINESS WITH FHA > B. Other Participants > 6. Closing Agents — b. Application and Approval Process — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
FHA Single Family Housing Policy Handbook 4000.1, Part I — b. Application and Approval Process (09/30/2016)
b. Application and Approval Process (09/30/2016) i. Title Identification Number (A) Definition A Title Identification (ID) Number is a number identifying a Closing Agent registered to perform closings on HUD REO sales transactions. (B) Standard The Closing Agent must complete a one-time registration to receive a HUD-issued Title ID Number. The Closing Agent must provide to the Asset Manager (AM): • a copy of the Closing Agent’s state license; and • a Closing Protection Letter (CPL) evidencing errors and omissions insurance coverage. HUD will review the Closing Agent’s documentation and, if HUD approves, will issue a Title ID Number. The AM will notify the Closing Agent of the issuance of the Title ID Number. ii. P260 Access Once the Closing Agent has received a HUD-issued Title ID Number, the Closing Agent must contact the AM to request access to P260.
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Source of record: https://claudeforcompliance.com/regs/hud-4000-1-i-b-application-and-approval-process-2/
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