Can an FHA lender acting as a sponsored TPO close the loan and have the MIC issued in its name?

The lender may permit its sponsored third party originator (TPO) to purchase or hold FHA-insured mortgages and close mortgages in their own name, if the TPO is also an FHA-approved lender.

Handbook 4000.1 I.A.5.a.v is available at http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/hudclips/handbooks/hsgh.