SUPERSEDED — prior version (Update 17) — FHA Single Family Housing Policy Handbook 4000.1, V. QUALITY CONTROL, OVERSIGHT, AND COMPLIANCE > A. Quality Control of Lenders and Mortgagees > 3. Loan Level Quality Control Program Requirements — c. Origination and Underwriting Case Binder Compliance Review (05/09/2022)

ii. Document Review and Reverification A Mortgagee’s QC Plan for origination and underwriting must provide for the review and reverification of the following information on all FHA-insured Mortgages selected for pre-closing and post-closing review, unless otherwise specified below. V. QUALITY CONTROL, OVERSIGHT, AND COMPLIANCE A. Quality Control of Lenders and Mortgagees 3. Loan Level Quality Control Program Requirements Handbook 4000.1 1710 Last Revised: 11/26/2025

(A) Credit Report (1) Standard For all post-closing reviews, the Mortgagee must obtain a new credit report in the same form as the original credit report used to approve the Mortgage, including a Residential Mortgage Credit Report (RMCR), a Tri-Merged Credit Report (TRMCR), or, when appropriate, a business credit report for each Borrower whose FHA-insured Mortgage is selected for review. The new credit report must comply with the credit report standards described in the Credit Report(s) section. The Mortgagee must compare the new credit report obtained with the original credit report used to approve the Mortgage, and determine whether any discrepancies exist between the reports that may adversely affect the Borrower’s eligibility to qualify for an FHA-insured Mortgage. If discrepancies exist between the credit reports that may adversely affect the Borrower’s eligibility to qualify for an FHA-insured Mortgage, then the Mortgagee must obtain a second, full RMCR. (2) Exceptions A new credit report does not have to be obtained for pre-closing reviews, or for non-credit qualifying Streamline Refinances. (3) Required Documentation The Mortgagee must retain a copy of the new credit report(s).

(B) Income, Employment, Asset, and Housing Expense Information (1) Reverification (a) Standard For all post-closing reviews, the Mortgagee must analyze the validity and sufficiency of all documents contained in the loan file. The Mortgagee must reverify, in writing or electronically if available, the following: • employment; • income; • assets; • gift funds; • source of funds; and • Mortgage Payments or rental payments. If a written or electronic reverification request is not returned to the Mortgagee, the Mortgagee must attempt a telephone reverification. Reverification is not required for pre-closing reviews. V. QUALITY CONTROL, OVERSIGHT, AND COMPLIANCE A. Quality Control of Lenders and Mortgagees 3. Loan Level Quality Control Program Requirements Handbook 4000.1 1711 Last Revised: 11/26/2025 (b) Required Documentation The Mortgagee must retain evidence of the written, electronic, or telephone verification, and document the due diligence. (2) Discrepancies (a) Standard The Mortgagee must evaluate all discrepancies to ensure that the original documents (except blanket verification releases) were completed before being signed, were as represented, were not handled by Interested Parties, and that all corrections were proper and initialed. All conflicting information in the original documentation must be resolved with the underwriter. Discrepancies in documentation discovered during pre-closing reviews must be resolved prior to closing. (i) Exception for Mortgagees and Third-Party Originators The Mortgagee and TPO are permitted to handle reverifications, provided the Mortgagee or TPO is not the seller, real estate agent, builder, or developer. (b) Required Documentation The Mortgagee must document any discrepancies and retain copies of information used to resolve such discrepancies.

(D) Title I Loan Disbursement (1) Standard For all QC post-closing and Early Payment Default (EPD) reviews of Title I Insured Programs- Manufactured Home Loan Program and Property Improvement Loan Program, the Title I Lender must determine that the Disbursement of loan proceeds was adequately documented in the case binder and the Disbursement was completed in accordance with FHA requirements. The Title Lender must also V. QUALITY CONTROL, OVERSIGHT, AND COMPLIANCE A. Quality Control of Lenders and Mortgagees 3. Loan Level Quality Control Program Requirements Handbook 4000.1 1713 Last Revised: 11/26/2025 determine that Disbursements to a Borrower or Dealer were made in accordance with FHA requirements. (2) Required Documentation The Title Lender must document any discrepancies and retain copies of information used to resolve such discrepancies.