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d. DELRAP Mortgagee Monitoring Reviews (10/15/2019)
i. Types of DELRAP Mortgagee Monitoring Reviews
(A) Periodic Review
A Periodic Review refers to the monitoring of the work performed by the DELRAP Mortgagee and its DELRAP staff reviewer to ensure compliance with FHA requirements.
(B) Post-Action Review
A Post-Action Review refers to evaluations of submitted Unconditional DELRAP Authority packages.
ii. Production of Files and Records
A DELRAP Mortgagee must provide all information and files requested by FHA to assist in a Periodic Review or Post-Action Review.
iii. Scope
Condominium Project approvals, denials or recertifications may be selected for review.
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V. QUALITY CONTROL, OVERSIGHT, AND COMPLIANCE C. Mortgagee Monitoring
3. Loan Level Monitoring
iv. Findings
At the conclusion of a Periodic Review or Post-Action Review, FHA will discuss the results with the DELRAP Mortgagee. FHA will provide the DELRAP Mortgagee with notification of the completion of the review and, if applicable, specify the remedies and response that is required from the DELRAP Mortgagee.