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Looking to get approved with HUD to do FHA loans?
Fraudmit puts our years of FHA experience to work for you. We handle the entire FHA licensing process to ensure that your company's FHA application is in compliance with HUD's requirements, allowing you to focus on your business.
Once you obtain your initial FHA approval, Fraudmit also provides Quality Control Review services to assisting your organization in staying compliant with the FHA. As an added value Fraudmit provides to our clients, free of charge, phone and email support answering, underwriting, compliance and quality control question.
The following is a list of the services we supply when helping your company though the FHA approval process;
- Filling out the Application form (HUD-1170) properly, as required by FHA
- Collecting, reviewing and approving other required documentation including;

- Sponsor letter for adequacy

- Review resumes

- Licenses

- State DBA (if applicable)

- LLC Documents (if applicable)

- Facilities Evidence Cert. / provided, review photos

- Sanction Letter / provided

- Funding program

- Resumes

- Credit Report (includes one officer)

- Business Credit Report
- Supply you with a 137 page Quality Control Plan (included free)
- Review CPA's audit to ensure that it will be approved by HUD
- Supply FHA Starter Kit to assist you once you are approved;

- FHA Underwriting guidelines

- Sample Documents

- FHA Contact Information

- And more helpful tools to get started with doing FHA loans
To obtain your HUD/FHA Loan Correspondent License through Fraudmit your fee would be $895 for the above listed services. The fee paid directly to HUD is an additional $1,000 and is not due until the application is ready to be filed.
To learn more about requirements to obtain an FHA Broker License - Click Here
To learn more about Fraudmit's Quality Control Review Services - Click Here
"Fraudmit was a life saver to our organization! Their professional approach and immense knowledge base took over for us in the middle of the application process after 5 months and after many problems and got us approved in weeks! I would highly recommend Fraudmit to any company who would like to get FHA approval!"
Andy Seeley, Branch Manager
First American Bank NA, WI