FHA issued Mortgagee Letter 2020-35, announcing the FHA Catalyst: Single Family Origination Module – Automated Underwriting System (Module). Per the Letter, the new Module will enable loan origination systems to be integrated with FHA Catalyst. Loan applications will be scored against FHA’s Technology Open To Approved Lenders (TOTAL) Mortgage Scorecard, and lenders will receive scoring decisions and feedback certificates. Use of the new Module is optional. Lenders may being using the new module on October 30, 2020.
Click here to view the FHA Mortgagee Letter 2020-35: https://www.tenaco.com/wp-content/uploads/2020/11/FHA-Mortgagee-Letter-2020-35.pdf
