Skip to main content

PrivatePlus Mortgage Receives Approval From the FHA
Sep 15, 2015
PrivatePlus Mortgage Logo

PrivatePlus Mortgage has received approval from the U.S. Department of Housing & Urban Development’s (HUD) Direct Endorsement Program to underwrite and close FHA loans without prior HUD review. This streamlines the process for anyone seeking an FHA home loan.

“There are of course parameters for the loans,” said Dan Smith, president of PrivatePlus, “From qualifying criteria to FHA loan limits, and every individual’s circumstances vary. A PrivatePlus mortgage pro can help consumers determine if an FHA or another type of loan best suits their needs.”

FHAs also can be assumable, so a buyer may be able to “assume” an FHA loan you have when you sell your home.

“Participation in the Direct Endorsement program is a privilege accorded only to mortgagees who continue to demonstrate the ability to originate mortgage loans in accordance with HUD underwriting policy,” according to HUD.

Smith says that the approval is just another way the organization seeks to streamline business processes and expand consumer choice.

“For instance, last fall, we transitioned to a delegated underwriting model, meaning another significant portion of our processes are tackled in-house,” Smith said. “The takeaway for anyone seeking a loan is that we’re always actively working to ensure we can provide mortgage options for most scenarios and that we can control the process from beginning to end, meaning a great consumer lending experience.”

Sep 15, 2015
Helping the H.E.L.P.E.R.s

Federal bill poised to open up market to more teachers, first responders

Dec 01, 2023
Fidelity National Financial Hit By Cyberattack

Industry-leading provider of title insurance and settlement services radio silent on reported breach.

Nov 28, 2023
Citizens Bank Bids Farewell To Wholesale Mortgage Channel

In a strategic pivot, the Providence-based banking giant will stop accepting new wholesale mortgage submissions.

Nov 16, 2023
Surprising Surge In Mortgage Customer Satisfaction, J.D. Power Study Reveals

Study found first-time homebuyers were harder to satisfy, customers don't just shop rates.

Nov 16, 2023
Women Continue To Defy Homebuying Challenges, Representing 22% Of The Market, Survey Finds

Young, educated, diverse, and increasingly savvy, women homebuyers navigate homeownership hurdles with determination.

Nov 15, 2023 Stays Bullish On Industry Disruption Amid Q3 Losses

Despite a $340 million Q3 loss,'s leadership emphasizes cost reductions, automation, and investment in technology.

Nov 15, 2023