The May 1988
version of HUD Form 54111 is approved for use through April 1996.
Per HUD's memo to OMB dated April 12, 1993, HUD has chosen not to
make any revisions at this time. Therefore, the December 1991
version of the Form 54111 included in this package does t have OMB
approval for use.
Inventory as of this Action
Requested
Previously Approved
04/30/1996
04/30/1996
04/30/1993
600,000
0
600,000
100,000
0
100,000
0
0
0
THE DIRECT ENDORSEMENT PROGRAM PERMITS
MORTGAGE LENDERS TO UNDERWRITE APPLICATIONS FOR MORTGAGE INSURANCE
AND CLOSE MORTGAGE LOANS WITHOUT PRIOR HUD REVIEW. LENDERS THEN
SUBMIT THE CLOSING PACKAGE TO HUD WITH REQUEST FOR INSURANCE
ENDORSEMENT. THE REQUEST IS KEYED INTO HUD'S COMPUTER SYSTEM TO
SPEED THE PROCESS OF ISSUING A COMPUTER-GENERATED MORTGAGE
INSURANCE CERTIFICATE.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.