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1. Title I Property Improvement Loan Program
Title I FHA-approved Lenders may:
• service the Loans they hold;
• service Title I Loans on behalf of or at the direction of another FHA-approved Lender; or
• utilize services of a servicing agent.
It is not necessary for an agent of the Lender to be approved by FHA to service Title I Loans. However, all Title I Loans must be serviced in accordance with HUD requirements. A Title I Lender holding Title I Loans will remain responsible to HUD for proper collection efforts, even though an agent of the Lender may perform actual loan servicing and collection.