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Your FHA Wholesale Lender
To become an approved broker, call us at (866) 762-3940
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Approved FHA brokers, click here.
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Current Turn Times:*
Underwriting:
Conditions:
Closings: |
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4 days
2 days
1 day |
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specials from Nations Direct.
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Broker Information
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Introduction to FHA Lending Basics
Download this presentation (PDF).
FHA Sponsorship Requirements
| Net Worth |
$63,000, with $25,000 for each additional branch office |
| Liquid Assets |
All mortgagees must maintain liquid assets (cash or readily convertible to cash, etc.) of 20% of their net worth - up to a maximum of $100,000 |
| Staffing |
The office must staff at least three (3) employees that conduct mortgage activities so that their office will be open to the public during normal business hours. All employees of the mortgagee, except the receptionist, must be employed exclusively and conduct only mortgage business during normal business hours. |
| Quality Control |
The mortgagee must have in writing and maintain an on-going quality control plan. |
| Business Changes |
All changes to the business operations must be reported within ten (10) days. Corporate changes include, but are not limited to, liquidation, termination, name change, location change or changes to the executives. |
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Copyright © 2008-2010 Nations Direct Mortgage, LLC. Nations Direct Mortgage, LLC and
brokerfha.com are not a part of, or associated with, HUD/FHA or the Federal Government.
*Turn times are estimates and are not warranted or guaranteed. Turn time estimates are subject to change without notice at Nations Direct Mortgage's sole discretion.
Nations Direct Mortgage, LLC
18200 Von Karman, Suite 250
Irvine, CA 92612
Toll Free: (866) 762-3940
