FHA Single Family Housing Policy Handbook 4000.1, V. QUALITY CONTROL, OVERSIGHT, AND COMPLIANCE > C. Mortgagee Monitoring > 2. Institutional Mortgagee Monitoring — d. DELRAP Mortgagee Monitoring Reviews
HUD effective date: 10/15/2019 · section V.C.2 · Handbook 4000.1
FHA Single Family Housing Policy Handbook 4000.1, Part V — d. DELRAP Mortgagee Monitoring Reviews (10/15/2019).
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Verbatim provisions from FHA Single Family Housing Policy Handbook 4000.1, V. QUALITY CONTROL, OVERSIGHT, AND COMPLIANCE > C. Mortgagee Monitoring > 2. Institutional Mortgagee Monitoring — d. DELRAP Mortgagee Monitoring Reviews — 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 — d. DELRAP Mortgagee Monitoring Reviews (10/15/2019)
d. DELRAP Mortgagee Monitoring Reviews (10/15/2019) i. Types of DELRAP Mortgagee Monitoring Reviews (A) Periodic Review A Periodic Review refers to the monitoring of the work performed by the DELRAP Mortgagee and its DELRAP staff reviewer to ensure compliance with FHA requirements. (B) Post-Action Review A Post-Action Review refers to evaluations of submitted Unconditional DELRAP Authority packages. ii. Production of Files and Records A DELRAP Mortgagee must provide all information and files requested by FHA to assist in a Periodic Review or Post-Action Review. iii. Scope Condominium Project approvals, denials or recertifications may be selected for review. iv. Findings At the conclusion of a Periodic Review or Post-Action Review, FHA will discuss the results with the DELRAP Mortgagee. FHA will provide the DELRAP Mortgagee with notification of the completion of the review and, if applicable, specify the remedies and response that is required from the DELRAP Mortgagee.
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