Mortgage Builder Goes Live With FHA Connection Interface

Posted by Orb Staff on June 17, 2009 No Comments
Categories : Residential Mortgage

ge Builder has gone live with its interface to FHA Connection, the Department of Housing & Urban Development's (HUD) Web-based direct-access capability. Introduced in 1997, FHA Connection is an interactive Web link with the Federal Housing Administration (FHA) that provides an accelerated means of obtaining case numbers, remitting mortgage insurance, obtaining borrower authorization codes, logging appraisals and accessing various other FHA origination functions. By creating a direct interface with FHA Connection, Mortgage Builder users are able to access the functionality of the HUD system without leaving the Mortgage Builder platform. Peoples State Bank, Madison Heights, Mich., was an early tester of the FHA Connection interface. Chief underwriter Allison Renaud reports efficiency gains for the direct-access capability. "Instead of leaving our [loan origination software] environment and accessing FHA Connection through the Internet, we can do the insurance application in just a few minutes, with virtually no data reentry," says Renaud. SOURCE: Mortgage

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