Model Pre-Insurance Review

U.S. Department of
Housing and Urban Development

LENDER INSURANCE PROGRAM
MODEL PRE-INSURANCE REVIEW
(Non-HECM files)

See second page for Public Burden

OMB Approval No. 2502-xxxx
(exp. x/xx/2007)

Office of Housing Federal Housing Commissioner

Office of Housing - Federal Housing Commissioner

CASE NUMBER: _______________________________

REVIEWED BY: ___________________________________

RIGHT SIDE OF BINDER:
(Note: This does not represent a stacking order)
1. A

R

AUTOMATED UNDERWRITING FEEDBACK CERTIFICATE/FINDINGS REPORT

2. A

R

FIRST-TIME HOME BUYER COUNSELING CERTIFICATE (Hawaiian Homeland Loans only)

3. A

R

LATE REQUEST FOR ENDORSEMENT CERTIFICATION (ML 05-23)

4. A

R

MORTGAGE CREDIT ANALYSIS WORKSHEET (HUD 92900-WS OR HUD 92900-PUR) OR FHA LOAN
UNDERWRITING AND TRANSMITTAL SUMMARY (HUD-92900-LT)
Signed & dated by DE Underwriter and reflects U/W ID#
AUS loans should reflect the system used and appropriate ID #. A DE Underwriter DOES NOT need to sign.
IF APPLICABLE: 203K Worksheet (HUD 92700), EEM worksheet, 203h documentation

5. A

R

NOTE (Include Note for Secondary Mortgage when applicable):

6. A

R

SECURITY INSTRUMENT (Include Security Instrument for Secondary Mortgage when applicable):

7. A

R

HUD-1 SETTLEMENT STATEMENT & ADDENDUM

8. A

R

UNIFORM RESIDENTIAL LOAN APPLICATION (URLA) Signed and dated by all borrowers

9. A

R

ADDENDUM TO URLA (HUD 92900-A, PAGES 1, 2, 3 & 4)

Certified true copy unless there is a blanket certification in the file
Contains all 9 paragraphs of model note
Signed/conformed/executed
Mortgage amount is not higher than approved (92900-WS or PUR #3c & page 3 of HUD 92900-A)
Term of mortgage is the same as approved (92900-WS or PUR #7) Maximum term is 360 months
Property Address same as on URAR and reflects correct FHA case number and ADP Code
Applicable Allonges/Agreements (796 Buydown, 203K Rehabilitation Loan agreements, etc.)
Certified true copy unless there is a blanket certification in the file
Signed/conformed/executed
Paragraph 9 (Grounds for Acceleration)
Paragraph 18 (Foreclosure Procedures)
Property Address same as on URAR
Applicable Riders (PUD, CONDO, ARM, 203k, etc)

Addenda signed by Borrower, Seller and Settlement Agent – required on all purchase transactions (NOTE: HUD, as
the seller, does not sign on REO Sales)
Legible copies of pages 1 and 2 of the HUD-1 or HUD-1A should be provided
NOTE: Refinance HUD-1 may be a one-page form (HUD-1A); an addendum is not required
Do not issue a Notice of Return (NOR) because of missing signatures on either purchase or refinance transactions.

Completed, signed and dated by appropriate parties
Page 3 signed by DE Underwriter or identified as AUS with appropriate ID

10. A

R

CREDIT REPORT(S)

11. A

R

ASSET VERIFICATION--VOD and/or bank statements

12. A

R

GIFT LETTER (if gift is shown on Mortgage Credit Analysis Worksheet)

13. A

R

INCOME VERIFICATION--May be any of the following:

14. A

R

EVIDENCE OF SOCIAL SECURITY NUMBER

NOTE: AUS Accept: does not need a letter; gift may be noted on the application (URLA) in-lieu-of a gift letter

Pension/Retirement

Written or Verbal VOE and pay stub, Federal Tax Returns, Evidence of

(Copy of Social Security Card, pay stub, W-2, etc.)

U.S. Department of
Housing and Urban Development

LENDER INSURANCE PROGRAM
MODEL PRE-INSURANCE REVIEW
(Non-HECM files)

See second page for Public Burden

OMB Approval No. 2502-xxxx
(exp. x/xx/2007)

Office of Housing Federal Housing Commissioner

Office of Housing Federal Housing Commissioner

CASE NUMBER: _______________________________

REVIEWED BY: _________________________________

LEFT SIDE OF BINDER:
(Note: This does not represent a stacking order)
15. A

R

IF APPLICABLE: MORTGAGEE ASSURANCE OF COMPLETION (HUD 92300)

16. A

R

COMPLIANCE INSPECTION REPORT (HUD 92051), Countersigned by DE Underwriter, or evidence repair require

17. A

R

18. A

R

IF APPLICABLE: LOCAL HEALTH AUTHORITY’S APPROVAL for individual water and/or sewer systems.

19. A

R

NEW CONSTRUCTION EXHIBITS:

20. A

R

STATEMENT OF APPRAISED VALUE (HUD 92800.5B)

21. A

R

IF APPLICABLE: ENGINEER’S CERTIFICATE FOR MANUFACTURED HOUSING FOUNDATION

Completed & Signed

ments or certifications have been completed. Local government or professional tradesman inspection may be acceptable.

IF APPLICABLE: (Existing Properties) WOOD DESTROYING INSECT INFESTATION REPORT, Form

NPMA-33 or State mandated infestation report.

Builder’s Certification (HUD 92541): Completed & Signed
Builder’s One-Year Warranty (HUD 92544)
As applicable:
• An early start letter
• Evidence of a 10-year warranty
• 3 inspections completed by local authority
• Building Permit and CO
• FHA Compliance Inspector (footings, frame & final)
(NOTE: Manufactured Homes require only 2 inspections by FHA Compliance Inspector)
As applicable: Subterranean Termite Treatment Report - NPCA-99a and NPCA-99b

22. A R REAL ESTATE APPRAISAL: Correct appraisal form utilized/Completed/signed/dated by appraiser
• Form 1004 for single unit properties.
• Form 1025 for 2-4 unit properties.
• Form 1073 for Condos.
• Form 1004c for Manufactured Homes.
If MAR documentation: HUD-91322 and HUD-91322.3, including all attachments and amendments
If VA issued NOV/MNOV documentation: including all attachments and endorsements
23. A

R

SPECIALIZED ELIGIBILITY DOCUMENTS (SUCH AS, BUT NOT LIMITED TO):
203(k): Rehabilitation Agreement, Plans, Work Write-ups, Cost Estimates, and Initial Draw Request
Form HUD-92561—Borrower’s Contract with Respect to Hotel and Transient Use of Property (2-4 units)
Condominiums: Verification regarding 51% owner occupancy. Spot Condo documentation (if spot approval)

24. A

R

PURCHASE CONTRACT AND ADDENDA (not required on refinances)

This information is required to determine the eligibility of loans for FHA mortgage insurance. Lenders are not required to use this format when conducting a pre-endorsement review
under the Lender Insurance program. This format is provided to illustrate what should be included in a pre-endorsement review under the Lender Insurance program. Section 256
of the National Housing Act [12 U.S.C 1715z-21] allows for delegation of authority to endorse FHA mortgage loans without a pre-endorsement review conducted by FHA. Lenders
approved to participate in this program will conduct their own pre-insurance review. The public reporting burden for this collection of information is estimated to average 15 minutes
per response, including time for reviewing instructions, searching existing data sources, gathering and maintaining data needed, and completing and reviewing the collection of information. This agency may not conduct or sponsor, and a person is not required to respond to a collection of information unless that collection displays a valid OMB control number.