When must an FHA- approved mortgagee report corporate officer updates or changes to FHA?

The mortgagee must submit all corporate officer updates, to FHA using the Lender Electronic Assessment Portal (LEAP) within 10 business days of the change.

The mortgagee must:

• include a cover letter signed by a corporate officer summarizing the business change(s); and

• submit any required documents as specified in Handbook 4000.1 I.A.3.c or as described in the LEAP User Manual.

The LEAP User Manual is located at: http://www.hud.gov/lenders under the LEAP Information link in the Approvals & Renewals section.

Handbook 4000.1 I.A.7.a is available at http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/hudclips/handbooks/hsgh.