- Auditor Opinion Letter UFRS vs Audit Guide
[December 2015] We have a question on the independent auditor’s report updated on your website as of January 2015. The…
- Net Worth Requirement
My understanding of the net worth requirement (and as indicated in the samples in the attachments to Chapter 7) is…
- Resubmission of LEAP filing
If financial statements need to be recalled and subsequently reissued, is it then possible to resubmit to the LEAP system?…
- Timing of Audit & LEAP Filing
Could you please help me with HUD audit requirement questions below. Thank you! Background: my client [Redacted Lender Name] obtained…
- Non-Supervised Net Worth Computation Question
We have a client with a question about the Net Worth computation and want to verify our answer with you…
- Schedule of Prior Audit Findings
If you have a finding that continues to be uncorrected, in the schedule of prior audit findings do you continue…
- LEAP Recertification Delays/Holdups
Over the last two months I have had delays/holdups in completing the submission process with LEAP for some of my…
- Bank Net Worth Requirement
“Chapter 7 of the audit guide section 7-3 for audit and reporting requirements has a chart for whether certain items…
- Prohibited Payments
Hi, I'm doing a new HUD audit based on the client not realizing they needed one (i.e. they missed the…
- Findings from HUD Loan Reviews
We have several findings during the FYE 10/31/17 for our client as a result of HUD loan reviews done during…
- HUD Audit Findings and Reporting Requirements
We have a mortgage loan originator client who was audited by HUD this past year. They are a 10/31/16 fiscal…
- Title II Sample Size
Just curious. If a Title II lender has an outside QC firm conducting reviews, does this have any effect on…
