CHLA Applauds FHA’s Elimination of Their Mandatory Mortgage Branch Registration Requirement
(Washington, D.C.) – Community Home Lenders of America (CHLA) applauds the Federal Housing Administration’s (FHA) efforts to streamline the loan origination process through the elimination of their mandatory mortgage branch registration requirement.
“CHLA applauds FHA for publishing a final rule that eliminates the requirement for lenders to register the branch offices where they conduct FHA Title I or Title II mortgage loan originations,” said Scott Olson, executive director of CHLA. “This will benefit smaller loan originators, who are more likely to originate FHA loans to first-time homebuyers, particularly underserved and low-income borrowers.”