Important Tips for Wholesale Lenders Using the FHA TOTAL Mortgage Scorecard

When you contact your third-party originators (TPOs) to discuss how you want to work together using the FHA TOTAL Mortgage Scorecard:

• Make sure your TPOs know to use the same participating credit reporting companies (CRC) or affiliates with whom you have agreements; to avoid incurring additional merged credit fees on TPO loans that you need to resubmit and/or validate. If you do not have an agreement with the CRC your TPO uses, you'll have to order and pay for another merged credit when you resubmit and/or validate the loan.

• Remind your TPOs to enter your FHA Lender ID in the FHA Sponsor ID field – HUD uses the FHA Sponsor ID to identify who to contact if there are issues with the loan.