Page 1739
a. Title I Loan Reviews (05/09/2022)
i. Notice
FHA will notify Title I Lenders of its intent to review the Title I Loan.
ii. Production of Case Binders
The Title I Lender must provide the requested case binder within 10 business days of FHA’s transmittal of a request.
iii. Scope
Title I Loan reviews consist of, but are not limited to, the Title I Lender’s compliance with FHA guidelines and an assessment of whether the Loan represents an unacceptable level of risk to FHA.
iv. Findings
At the conclusion of the review, FHA will provide the Title I Lender with notification of the identified Findings, if any, and specify the remedies and responses that are required.