ProLender Solutions Inc., a lending software provider for mortgage lenders, rhas announced the release of its FHA Connection interface, which allows ProLender users to easily send information from the ProLender software directly into FHA Connection, eliminating the need for users to log into FHA Connection and manually complete the screens. “The FHA Connection interface streamlines the process for FHA loans” said Steve Hendrix, training and support manager at ProLender Solutions.Read more

The U.S. Department of Housing & Urban Development (HUD) has announced that the enactment of Mortgagee Letter 2009-28, Appraiser Independence, will be delayed until Feb. 15, 2010. ML 09-28 (originally planned for a Jan. 1, 2010 implementation) has two parts: A prohibition of mortgage brokers and commission-based lender staff from the appraisal process, and appraiser selection in Federal Housing Administration (FHA) Connection. The effective date for both sections of this guidance will now take effect for all case numbers assigned on or after Feb. 15, 2010.Read more