source:
  type: guide
  id: hud-4000-1-i-a-program-overview
  authority: FHA Single Family Housing Policy Handbook 4000.1, Part I — a. Program
    Overview (03/14/2016)
  description: FHA Single Family Housing Policy Handbook 4000.1, Part I — a. Program
    Overview (03/14/2016).
  coverage_tier: operative
obligations:
- id: hud-4000-1-i-a-program-overview-full
  canonical_id: hud-4000-1-i-a-program-overview-full
  section: FHA Single Family Housing Policy Handbook 4000.1, Part I — a. Program Overview
    (03/14/2016)
  type: do
  tags:
  - regulator-direct
  - fha
  - hud-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: FHA Single Family Housing Policy Handbook 4000.1, Part I — a. Program
      Overview (03/14/2016)
    source_class: hud-handbook
    source_url: https://www.hud.gov/hud-partners/single-family-handbook-4000-1
    snapshot_id: 8c03836f77f317e1
    fetched_at: '2026-05-23T00:28:40Z'
    content_hash: sha256:411430f29b13f9b54a2ebb0e6f6e7087ecd2b90d0da22eb0c8c792eaa2d7d0df
    paragraph_quote: 'a. Program Overview (03/14/2016) The Direct Endorsement (DE)
      underwriter serves as the Mortgagee’s subject matter expert for underwriting
      and must ensure compliance with all underwriting requirements in Origination
      through Post-closing/Endorsement for all manually underwritten Title II Forward
      Mortgages. Underwriting responsibilities include, but are not limited to, the
      following: • calculation of maximum mortgage amounts; • underwriting the Property;
      and • underwriting of the Borrower. The DE underwriter must also ensure compliance
      with all requirements for Underwriting the Property for all Title II Forward
      Mortgages underwritten using the Technology Open To Approved Lenders (TOTAL)
      Mortgage Scorecard. The DE underwriter also serves as the Mortgagee’s subject
      matter expert on the financial assessment requirements in Origination through
      Post-closing/Endorsement for all Home Equity Conversion Mortgages (HECM). Financial
      assessment requirements include, but are not limited to, the following: • underwriting
      of the Property; • analysis of the Borrower’s credit history; • analysis of
      the Borrower’s property charge payment history; I. DOING BUSINESS WITH FHA B.
      Other Participants 3. Direct Endorsement Underwriters Handbook 4000.1 85 Last
      Revised: 11/26/2025 • calculation of residual income; and • determination of
      the need for and the amount of a Life Expectancy (LE) Set-Aside.'
  judgment: false
