HUD Handbook 4000.1 — Doing Business with FHA — Supervised Mortgagee approval requirements

hud-4000-1-i-a-3-supervised-mortgagee-smoke

Smoke-test register for HUD Handbook 4000.1 Part I (Doing Business with FHA) — Supervised Mortgagee general approval requirements. Smoke-test scope: ONE obligation only; full Part I expansion happens in subsequent Round D drafting batches.

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source:
  type: regulation
  id: hud-4000-1-i-a-3-supervised-mortgagee-smoke
  authority: HUD Handbook 4000.1 — Doing Business with FHA — Supervised Mortgagee approval requirements
  description: |
    Smoke-test register for HUD Handbook 4000.1 Part I (Doing Business
    with FHA) — Supervised Mortgagee general approval requirements.
    Smoke-test scope: ONE obligation only; full Part I expansion happens
    in subsequent Round D drafting batches.
obligations:
  - id: hud-4000-1-supervised-mortgagee-meet-general-approval
    canonical_id: hud-4000-1-supervised-mortgagee-meet-general-approval
    section: HUD Handbook 4000.1 Part I — Supervised Mortgagee general approval requirements
    description: |
      [LENDER], when acting as a Supervised Mortgagee seeking FHA approval,
      must meet the general approval requirements set forth in HUD Handbook
      4000.1 Part I.A.3 — including the entity-type, fidelity-bond,
      net-worth, liquid-asset, fiscal-year-end audited-financials, and
      FHA-approved-mortgagee-supervision-by-federal-banking-agency
      requirements applicable to Supervised Mortgagees.
    type: do
    audit_question: Can [LENDER] (acting as a Supervised Mortgagee) evidence current compliance with all general approval requirements set forth in HUD Handbook 4000.1 Part I.A.3 for Supervised Mortgagees?
    program_review: Does the program ensure [LENDER], as a Supervised Mortgagee, meets and maintains all Part I.A.3 general approval requirements (entity-type, fidelity bond, net-worth, liquid-asset, fiscal-year-end audited financials, federal-banking-agency supervision)?
    file_review: Review the corporate-approval evidence file (audited financials, fidelity-bond cert, net-worth/liquid-asset computation, supervision evidence); confirm current Part I.A.3 compliance.
    judgment: false
    feeds: []
    workflow_phase: lender_approval
    owner_role: compliance_officer
    secondary_owner_role: chief_financial_officer
    cadence: continuous
    consequence: Failure to maintain approval requirements puts FHA mortgagee approval at risk; could trigger withdrawal of FHA approval.
    tags:
      - round-d
      - regulator-direct
      - fha
      - hud-4000-1
      - mortgagee-approval
      - supervised-mortgagee
      - promoted
    primary_source:
      tier: 1
      authority: HUD Handbook 4000.1 Part I.A.3 — Supervised Mortgagee approval
      source_class: hud-handbook-4000-1
      source_url: https://www.hud.gov/sites/dfiles/OCHCO/documents/40001HSGH.pdf
      snapshot_id: 3bf33edadcf6461d
      fetched_at: '2026-05-25T14:10:11Z'
      content_hash: sha256:e1c2dc1c75ddb0ee32fe5c2fb7c9bb19f1c93b48a3e26e6d63dc6e7f37c92ec0
      paragraph_quote: |
        A Supervised Mortgagee must meet the general approval requirements set forth below.
      drafter_attestation: |
        Copied verbatim from snapshot 3bf33edadcf6461d (HUD Handbook 4000.1
        Update 17, downloaded 2026-05-22). Smoke-test obligation for Round
        D pipeline validation across HUD 4000.1 source family.
    promoted_at: '2026-05-25T14:29:09+00:00'
    promoted_from: hud-4000-1-i-a-3-supervised-mortgagee-smoke-roundd-v1.yaml
_promotion_history:
  - promoted_at: '2026-05-25T14:29:09+00:00'
    candidate_path: obligations\_remediation\round-d-investor-guides\hud-4000-1-i-a-3-supervised-mortgagee-smoke-roundd-v1.yaml
    candidates_promoted: 1
    candidates_skipped_existing: 0

Verbatim regulatory text (1)

Verbatim provisions from HUD Handbook 4000.1 — Doing Business with FHA — Supervised Mortgagee approval requirements — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

HUD Handbook 4000.1 Part I — Supervised Mortgagee general approval requirements

A Supervised Mortgagee must meet the general approval requirements set forth below.

Source: HUD Handbook 4000.1 Part I.A.3 — Supervised Mortgagee approval · source URL · snapshot 3bf33edadcf6461d