FHA issued Mortgagee Letter 2024-19 requiring the electronic submission of the Section 247 Hawaiian Home Lands assignment package to HUD. Per the Mortgagee Letter, the majority of the Section 247 Hawaiian Home Lands assignment package (title evidence package and servicing records) must be submitted to HUD by uploading the package into the Asset Disposition and Management System (P260). Only the original Note will continue to be mailed to HUD. The new electronic submission requirements must be implemented for assignment packages submitted on or after January 31, 2025 (servicers may, however implement the requirements immediately).
Click to view the FHA Mortgagee Letter 2024-19: https://www.tenaco.com/wp-content/uploads/2024/11/FHA-Mortgagee-Letter-2024-19-10-31-24.pdf
