FHA Single Family Housing Policy Handbook 4000.1, Part V — c. Identifying Patterns (05/09/2022)
FHA Single Family Housing Policy Handbook 4000.1, Part V — c. Identifying Patterns (05/09/2022).
Verbatim regulatory text
Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, Part V — c. Identifying Patterns (05/09/2022) — 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 V — c. Identifying Patterns (05/09/2022)
c. Identifying Patterns (05/09/2022) i. Standard The Mortgagee must review its loan performance data to identify any patterns of noncompliance. ii. Required Documentation The Mortgagee must document the methodology used to review patterns of noncompliance, the results of each review, and any corrective actions taken as a result of review Findings. The procedures used to review patterns of noncompliance must be included in the Mortgagee’s QC Plan. Title II Mortgagees may use HUD’s Neighborhood Watch Early Warning System (Neighborhood Watch) to assist with identifying patterns.