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PRA 2502-0005 Calculations.xlsx

FHA Lender Approval, Annual Renewal, Periodic Updates and Required Reports by FHA Approved Lenders

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OMB: 2502-0005

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Overview

2013
UPDATED 2014


Sheet 1: 2013

Item No. Information Collection No. of Respond-ents Total Annual Res- ponses Hours Per Res- ponse Total Annual Hours Cost per Hour Total Annual Cost



A Online submission of Application for FHA Lender Approval 240 240 0.5 120 $47 $5,640

14,465 online
B Non- Online submission of HUD-92001-A Application for FHA Lender Approval

2
$47 $0

514 non-online
C Online Registration of New Branches via FHA Connection
300 0.25 75 $47 $3,525

14,979
D Non-online Submission of HUD-92100-B Application for Registration of New Branch (including attachments)
6 0.5 3 $47 $141



E Online Application Fee Payment FHA Lender Approval
240 0.05 12 $47 $564



F Online Branch Registration Fee
306 0.05 15 $47 $705



G Online Annual Certification Report/Unable to Certify Report 3,500 3,500 0.25 875 $47 $41,125



H Online Annual Financial Statements and Reports
3,300 3 9,900 $47 $465,300



I Online Payment of Annual Renewal Fee
3,300 0.25 900 $47 $42,300



J Online Termination of a Branch
200 0.25 50 $47 $2,350



K Online Business Changes of a Lender
1,000 0.25 250 $47 $11,750



L Non- Online Business Changes of a Lender
500 1 500 $47 $23,500



M Non-online Declaration of Trust
3 5 15 $47 $705



N Non-online Submission of HUD-92001-C Reporting of Title I Loan  Non-Compliance  0 0 1 0 $23 $0



O Online Submission of Reporting of Title II Loan Non-Compliance 106  2,079 0.25 520 $23 $11,954



P Non-online Credit Watch Termination Reinstatement Requests 5 8 40 $23 $920



Totals
3,851 14,979
13,155 $43 $610,479




Sheet 2: UPDATED 2014

Item No. Information Collection No. of Respond-ents Total Annual Res- ponses Hours Per Res- ponse Total Annual Hours Cost per Hour Total Annual Cost
A Online submission of Application for FHA Lender Approval 240 240 1.5 360 $47 $16,920 *Increased time to 1.5
B Non- Online submission of HUD-92001-A Application for FHA Lender Approval
0 2 0 $47 $0
C Online Registration of New Branches via FHA Connection
306 0.25 76.5 $47 $3,595.50 All registrations via LEAP now
D Non-online Submission of HUD-92100-B Application for Registration of New Branch (including attachments)
0 0.5 0 $47 $0 No more non-online submission
E Online Application Fee Payment FHA Lender Approval
240 0.05 12 $47 $564
F Online Branch Registration Fee
306 0.05 15 $47 $705
G Online Annual Certification Report/Unable to Certify Report 2,751 2,751 0.5 1375.5 $47 $64,648.50 *Increased time from .25 to .50
H Online Annual Financial Statements and Reports
2,751 3 8,253 $47 $387,891 Replaced with distinct # of lenders (FY2013)
I Online Payment of Annual Renewal Fee
2,751 0.25 687.75 $47 $32,324.25
J Online Termination of a Branch
200 0.25 50 $47 $2,350
K Online Business Changes of a Lender
1,500 0.25 375 $47 $17,625 All requests via LEAP now
L Non- Online Business Changes of a Lender
0 1 0 $47 $0 No more hard copy business changes
M Non-online Declaration of Trust
3 5 15 $47 $705
N Non-online Submission of HUD-92001-C Reporting of Title I Loan  Non-Compliance  0 0 1 0 $23 $0
O Online Submission of Reporting of Title II Loan Non-Compliance 106  2,079 0.25 520 $23 $11,954
P Non-online Credit Watch Termination Reinstatement Requests 0 0 8 0 $23 $0 No more hard copy CWT reinstatement requests
Q Online Credit Watch Termination Reinstatement Requests 5 5 3 15 $23 $345 *Reduced time to 3 hours
Totals
2,991 13,127
11,740 $43 $539,282

BURDEN HOURS






2013 13,155 non-online





2014 11,740 3 0.000228536603946





1,415 online







13,124 0.999771463396054




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