source:
  type: guide
  id: usda-hb-3555-3.10
  authority: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶3.10 —
    Voluntary Withdrawal
  description: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶3.10
    — Voluntary Withdrawal.
  coverage_tier: operative
obligations:
- id: usda-hb-3555-3.10-full
  canonical_id: usda-hb-3555-3.10-full
  section: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶3.10 — Voluntary
    Withdrawal
  type: do
  tags:
  - regulator-direct
  - usda
  - usda-handbook
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: USDA SFH Guaranteed Loan Program Technical Handbook HB-1-3555 ¶3.10
      — Voluntary Withdrawal
    source_class: usda-handbook
    source_url: https://www.rd.usda.gov/sites/default/files/hb-1-3555_consolidated.pdf
    snapshot_id: 0466acd1ea2d17a4
    fetched_at: '2026-05-25T14:10:13Z'
    content_hash: sha256:22ac6f998ff72578e318fca138ebe80fb18ae2fc701eb5936172f1842679a13a
    paragraph_quote: '3.10 VOLUNTARY WITHDRAWAL The lender may voluntarily withdraw
      from participation in the SFHGLP. Lenders must notify the Agency of their intent
      to withdraw participation, along with a plan to transfer their Agency book of
      business where pending, unclosed Conditional Commitments, and loans serviced
      or held are transferred to another approved lender participating in the SFHGLP.
      HB-1-3555 (03-09-16) SPECIAL PN 3-13 Revised (07-21-23) PN 588 Guidance documents
      lack the force and effect of law, unless expressly authorized by statute or
      incorporated into a contract. USDA may not cite, use, or rely on any guidance
      that is not available through their guidance portal, except to establish historical
      facts. ATTACHMENT 3-A LENDER APPROVAL CHECKLIST Section 3555.51 of 7 CFR Part
      3555 and Chapter 3 of this Handbook describe the qualifications required to
      become an Agency approved lender. Other entities may participate as an approved
      lender’s agent or correspondent, but only approved lenders are responsible for
      underwriting and servicing and may hold the Loan Note Guarantee on a Rural Development
      guaranteed loan. Lenders may utilize the following checklist to ensure a complete
      application is submitted. Requests must contain all of the following information,
      in the order listed, and be submitted to Loan Servicing Branch at sfhglpservicing@usda.gov.
      Lender Approval Checklist USDA Rural Development Lender Information Name: TAX
      ID: DBA Name(s), if applicable. Use separate sheet for any additional DBAs:
      Geographic Address: Mailing Address (if different) Phone: Fax: County: Chartered
      State/Headquarters: Website: Company E-Mail: Contact Person Name: Phone: E-Mail:
      Title: Fax: Minority/Women-Owned Business (Optional) Minority-Owned Women-Owned
      Minority- Owned/ Women-Owned Provide the following information for all principal
      officers, directors, and senior managers. Additional sheets may be attached,
      if necessary. Legal Full Name, including M.I. Title/Physical Location Lender
      Functions Lender Type (Select Applicable): Originate Commercial Bank Credit
      Union CDFI Others Underwrite Mortgage Loan Co Savings Bank Non-traditional Service
      Insurance Co Banks for Co-Ops USDA Agency Own Farm Credit System State Housing
      Finance Agency Specialty Servicer HB-1-3555 (03-09-16) SPECIAL PN 3-14 Revised
      (07-21-23) PN 588 Guidance documents lack the force and effect of law, unless
      expressly authorized by statute or incorporated into a contract. USDA may not
      cite, use, or rely on any guidance that is not available through their guidance
      portal, except to establish historical facts. Current eligibility designations
      [Section 3.2 of HB-3555 Chapter 3]: Agency Certifications (Select applicable)
      Preferred Method of Evidence/Certification (Submit as supplemental information)
      Applicable Agency Assigned Identification Fannie Mae Fannie Mae Form 582, “Annual
      Eligibility Certification Report” Freddie Mac Freddie Mac Form 16SF, “Annual
      Eligibility Certification Report” U.S. Department of Housing and Urban Development
      – Federal Housing Administration (HUD-FHA) Letter showing lender approved by
      HUD as a Title II supervised or non- supervised mortgagee for submission of
      one to four family housing applications for Federal Housing Mortgage Insurance
      or as an issuer of Ginnie Mae mortgage backed securities “supervised” or “non-supervised.”
      U.S. Department of Veterans Affairs (VA) Letter showing lender approved as a
      supervised or non-supervised “automatic” mortgagee with direct lending authority
      for VA State Housing Finance Agency (SFHA) N/A Farm Credit Service (FCS) Lender
      must have direct lending authority. Provide Membership letter. Financial statements
      that demonstrate the lender meets the financial requirements described in Section
      3.2B. Lenders participating in USDA guaranteed loan programs. Copy of executed
      agreement showing approval by Rural Housing Service, Rural Business and Cooperative
      Service, Rural Utilities Programs and/or the Farm Service Agency. Financial
      statements that demonstrate the lender meets the financial requirements described
      in Section 3.2B. Evidence of Federal oversight (if applicable) Evidence and
      supporting documentation per Section 3.2 of Chapter 3 of Federal oversight by
      any of the following: The Federal Reserve System; The Office of the Comptroller
      of the Currency (OCC); The Federal Deposit Insurance Corporation (FDIC); The
      National Credit Union Administration (NCUA); or The Federal Housing Finance
      Board regulating lenders within the Federal Home Loan Bank (FHLB) system. Financial
      statements that demonstrate the lender meets the financial requirements described
      in Section 3.2B. Evidence of demonstrated ability in underwriting and/or servicing
      (if applicable). A summary of residential mortgage lending activity. Written
      criteria that outline the policies and procedures the lender typically follows
      when originating, underwriting, and closing residential mortgage loans. Evidence
      that the lender has an experienced loan underwriter on staff. Financial statements
      that demonstrate the lender meets the financial requirements described in Section
      3.2B. List of Supplemental Information to be Submitted with Lender Approval
      Checklist [Check the box to indicate that each required document has been included
      with the lender approval request package.] 1. Form RD 3555-16 Agreement for
      Participation in Single-Family Housing Guaranteed/Insured Loan Programs of the
      United States Government (Lender Agreement). https://formsadmin.sc.egov.usda.gov/eFormsAdmin/welcomeAction.do?Home
      2. Resume Evidence of Underwriter’s qualifications and experience in the industry
      and evidence that all principal officers have a minimum of two years of experience
      in originating or servicing guaranteed mortgage loans. 3. Retail Lender – Spreadshee
      t If your firm is a retail lender, provide complete contact information (addresses,
      telephone numbers, fax numbers, and e-mail addresses) for your branch locations,
      loan processing/underwriting departments, loan servicing, and a contact person
      for loan production. Information assists in populating Rural Development’s lender
      record database. 4. Wholesal e Lender or Servicing Lender- Spreadsheet If your
      firm is a wholesale lender or a servicing lender, provide a general description
      of your services (loan processing, underwriting, table funding, loan servicing,
      real estate owned (REO) disposition, etc.) and provide complete contact information
      (address, telephone number, fax number, and e-mail addresses) for your various
      departments, including regional account executives. 5. Underwriting Outline
      A brief outline of underwriting criteria from the lender’s internal loan policy
      manual. Include a statement to use forms approved by the Federal Housing Administration
      (FHA), Fannie Mae, or Freddie Mac. HB-1-3555 (03-09-16) SPECIAL PN 3-15 Revised
      (07-21-23) PN 588 Guidance documents lack the force and effect of law, unless
      expressly authorized by statute or incorporated into a contract. USDA may not
      cite, use, or rely on any guidance that is not available through their guidance
      portal, except to establish historical facts. 6. Quality Control Plan General
      requirements for quality control plans: x Must be in writing outlining policies
      and procedures along with any forms and checklists used in the process. x Lender’s
      Mission Statement or stated objective. x Employees must operate independently
      of loan origination and servicing departments, or the lender/servicer may contract
      out this function. If this function is contracted out, the lender must adequately
      monitor the performance of the contractor. x Identify how escrows are handled
      for taxes, hazard, and flood insurance (if applicable). x Identify what happens
      if excess funds are collected in escrow. x Have procedures to report non-compliance
      to the highest levels of management. May be monthly or, at the least, a quarterly
      basis. x Have procedures to report non-compliance or suspected misrepresentation
      to the appropriate regulatory authorities. x Identify training opportunities
      for lender/servicer staff. x Set timeframes for review and follow-up procedures.
      x Have procedures in place to monitor any third party originators (TPOs). x
      Include a consistent process to sample select and review SFHGLP loans. 7. Training
      Certification New Mandatory Lender Training Certifications/Acknowledgments I
      certify I am a corporate officer and/or principal/owner of the above-named entity
      with the authority to legally bind the organization and to execute certifications
      and acknowledgements on behalf of the entity/organization named. I certify information
      provided and any accompanying documentation is true and accurate to the best
      of my knowledge and belief. Name: Title: Signature: Date: Send the executed
      Lender Agreement, Checklist, and Supplemental Information to sfhglpservicing@usda.gov.
      HB-1-3555 (03-09-16) SPECIAL PN 4-1 Revised (08-05-25) PN 649 Guidance documents
      lack the force and effect of law, unless expressly authorized by statute or
      incorporated into a contract. USDA may not cite, use, or rely on any guidance
      that is not available through their guidance portal, except to establish historical
      facts CHAPTER 4: LENDER RESPONSIBILITIES [7 CFR 3555.51]'
  judgment: false
