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.