Does the term "corporate officer" include branch managers?

  • No. A corporate office of a Nonsupervised and Investing Mortgagee is a natural person who serves as one of the following positions for a Nonsupervised or Investing Mortgagee:
  •     Owner;
  •     President;
  •     Vice President;
  •     Chief Operating Officer (COO);
  •     Chief Financial Officer (CFO);
  •     Director;
  •     Corporate Secretary;
  •     Chief Executive Officer (CEO);
  •     General Counsel;
  •     Chairman of the Board;
  •     General Partner; or
  •     Member or Manager of an LLC.

A Corporate Officer of Supervised and Government Mortgagees is a natural person who serves as one of the following positions for a Supervised or Government Mortgagee:

  •     President;
  •     Vice President in charge of managing or overseeing any aspect of the Mortgagee’s FHA business;
  •  Chief Operating Officer (COO);
  •     Chief Financial Officer (CFO);
  •     Director;
  •     Corporate Secretary;
  •     Chief Executive Officer (CEO);
  •     General Counsel;
  •     Chairman of the Board;
  •     General Partner; or
  •     Specifically designated staff member(s) of a Government Mortgagee.

 

For additional information see Handbook 4000.1 I.A.3.c.iv.(B)(1)(a) available at http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/hudclips/handbooks/hsgh.