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1.1 WELCOME TO THE HANDBOOK
This Handbook provides Agency staff and lenders participating in the Single Family Housing Guaranteed Loan Program (SFHGLP) with the tools needed to originate, underwrite, and service guaranteed loans efficiently and effectively. Its goal is to help Agency staff and lenders administer the SFHGLP smoothly, while ensuring that the program’s basic legal and administrative requirements are met. The Handbook describes:
x Loan origination, underwriting, servicing, and liquidation policies and
procedures;
x The role of the Agency and participating lenders in program administration; and
x Practices that will help ensure efficient and effective program administration.
The guidance provided by this Handbook is intended to be consistent with all applicable laws, Executive Orders, and departmental regulations, including other Agency regulations. Nothing contained in this Handbook should be construed to supersede, rescind, or otherwise amend such laws, Executive Orders, and regulations.
SECTION 1: INTRODUCTION TO THE HANDBOOK