A new FHA Mortgage Loan Correspondent Disclosure (Cx14650) was added to ConformX loan packages on 1/1/2010.
Per 3 NYCRR 38.13(d), the following language should print for all NY FHA Initial Disclosures:
“I am an approved FHA Mortgage Loan Correspondent. Your loan will be underwritten by my FHA approved sponsor. You will be notified of the name of the sponsor simultaneously with the issuance of an interest rate lock-in agreement or commitment to fund, whichever comes first. If the sponsor approves the FHA insured mortgage loan, I will make the mortgage loan to you.”