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k. Affiliates (09/14/2015)
i. Definition
Affiliates are contractors, agents, vendors, subservicers, and sponsored TPOs who participate in FHA programs on behalf of an FHA-approved Mortgagee.
ii. Standard
The Mortgagee must ensure that its Affiliates are eligible and properly trained to participate in FHA programs.
The Mortgagee must ensure that each Affiliate of the Mortgagee adheres to FHA requirements when performing activities related to that Mortgagee’s FHA business.