The new FHA Handbook requires the following:
“The Mortgagee must obtain the Borrower’s authorization to verify the information needed to process the mortgage application. The Mortgagee must obtain a non-borrowing spouse’s consent and authorization where necessary to verify specific information required to process the mortgage application, including the non-borrowing spouse’s consent for the Mortgagee to verify their SSN with the Social Security Administration (SSA).” (FHA Single Family Handbook 4000.1 Pt. II.A.1.a.i.[C]..[a])
While our standard “Certification and Authorization” form (Cx13) fulfills the requirement concerning the borrower’s authorization, it does not cover the provision concerning a non-borrowing spouse’s (NPS’) authorization.
As a result, we will be issuing Cx19872, which contains a simple acknowledgment and consent wherein the NPS authorizes the Mortgagee to verify the NPS’ information, including their Social Security Number, debts, and credit score (as allowed by Applicable Law). A copy of this document will print per NPS and under the following conditions:
- At least one NPE is a Spouse of Borrower = Yes
- Base Type = FHA
- Document Package Type = Initial Disclosure
- Non-Purchasing Entity (NPE) on Loan = Yes
This document will begin appearing in applicable packages on October 1, 2015. If you have any questions or concerns about this new document, please contact Client Support at 1.800.497.3584.
September 25, 2015