PRA Calculations

PRA Calculations for OMB 2502-0005 Revision (rev 2.26.2016).xlsx

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

PRA Calculations

OMB: 2502-0005

Document [xlsx]
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Overview

2013
2014
UPDATED 2015


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: 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
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
D Non-online Submission of HUD-92100-B Application for Registration of New Branch (including attachments)
0 0.5 0 $47 $0
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
H Online Annual Financial Statements and Reports
2,751 3 8,253 $47 $387,891
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
L Non- Online Business Changes of a Lender
0 1 0 $47 $0
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
Q Online Credit Watch Termination Reinstatement Requests 5 5 3 15 $23 $345
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




Sheet 3: UPDATED 2015

Item No. Information Collection No. of Respondents Total Annual Responses Hours Per Response Total Annual Hours Cost per Hour Total Annual Cost
A Online submission of Application for FHA Lender Approval 300 300 2 525 $47 $24,675 Increased number of respondents/responses to 300; increased time to 2
B Non-online submission of Application for FHA Lender Approval (HUD-92001-A)
- - - $47 $0
C Online Registration of New Branches
300 0 75 $47 $3,525 Decreased number of responses to 300
D Non-online Submission of Application for Registration of New Branches (HUD-92100-B)
- - - $47 $0
E Online FHA Lender Approval Application Fee
300 0 15 $47 $705 Increased number of responses to 300
F Online Branch Registration Fee
300 0 15 $47 $705 Decreased number of responses to 300
G Online Annual Certification Report/Unable to Certify Report 2,700 2,900 1 2,900 $47 $136,300 Decreased number of respondents to 2,700; increased number of responses to 2,900; increased time to 1
H Online Annual Financial Statements and Reports
2,700 3 8,100 $47 $380,700 Decreased number of responses to 2,700
I Online Payment of Annual Renewal Fee
2,700 0 675 $47 $31,725 Decreased number of responses to 2,700
J Online Termination of a Branch
200 0 50 $47 $2,350
K Online Business Changes of a Lender
1,500 0 375 $47 $17,625
L Non-online Business Changes of a Lender
- - - $47 $0
M Non-online Declaration of Trusts
5 5 25 $47 $1,175 Increased number of responses to 5
N Non-online Submission of HUD-92001-C Reporting of Title I Loan Non-Compliances 10 50 1 50 $47 $2,350 Increased number of respondents/responses to 10/50 respectively; adjusted cost per hour to $47
O Online Submission of Reporting of Title II Loan Non-Compliance 100 2,000 0 500 $47 $23,500 Decreased number of respondents/responses to 100/2000 respectively; adjusted cost per hour to $47
P Non-online Credit Watch Termination Reinstatement Requests - - - - $47 $0
Q Online Credit Watch Termination Reinstatement Requests 5 5 3 15 $47 $705 Adjusted cost per hour to $47
Totals
3,115 13,260 1.005 13,320 $47 $626,040

BURDEN HOURS





All increases/decreases are based on FY2015 actual numbers of respondents/responses (rounded) and changes to forms described in other documents.
2013 13,155

non-online



2014 11,740

55 0.41%


2015 13,320

online




1,580

13,205 99.59%


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