direct endorsement

direct endorsement

A mechanism that allows HUD-approved lending institutions to approve FHA mortgage insurance themselves, without having to submit paperwork to HUD and wait for approvals.
References in periodicals archive ?
While the rhetoric is not unusual for China's propaganda outlets, the message in the commentary could have the direct endorsement of the party elite.
His latest remarks appeared to be a more direct endorsement of the creation of a Kurdish state.
The PM declined to give a direct endorsement of President Trump when she was asked if she had full confidence in him.
New American Funding is a female-owned, Freddie Mac, Fannie Mae and Ginnie Mae Direct Seller/Servicer, FHA Direct Endorsement and VA Automatic mortgage lender with over 115 branch locations.
The rule would codify requirements for Direct Endorsement lenders to meet in order to be approved for the Direct Endorsement Lender Review and Approval Process (DELRAP) authority for condominiums.
Ongoing customer momentum and direct endorsement from customers across multiple sectors, all contributed to Commvault being ranked furthest on the "completeness of vision" and highest on the "ability to execute" in the Gartner Magic Quadrant for Data Center Backup and Recovery Software, and named a leader for the sixth successive year.
paragraph] DOJ noted in a press release that the FHA loans were approved by Wells Fargo under the FHA's Direct Endorsement Lender Program, which gives lenders the delegated authority to originate, underwrite and certify FHA loans for insurance.
Department of Housing and Urban Development's (HUD) Direct Endorsement Program to underwrite and close FHA loans without prior HUD review.
Still, propelled by a direct endorsement from Malacanang for his inclusion in the JBC shortlist, Jardeleza became the lastminute addition to President Aquino's choices for the new magistrate, winning the vote of seven justices in the high court on Tuesday.
Modi sahib ka takdir mein jo hain, who unko milega ," ( whatever is there in Modi's destiny, he will get it) Khan said, avoiding a direct endorsement for his prime ministerial ambition.
25 billion worth of upcoming projects is a direct endorsement of the potential, that the city still has to offer to residential property buyers," said Moafaq Al Gaddah, Chairman, MAG Group.
25 billion worth of upcoming projects is a direct endorsement of the potential that the city still has to offer to residential property buyers," said Moafaq Al Gaddah, chairman, MAG Group.