Direct Endorsement Lender

A Direct Endorsement Lender designation is given by the Department of Housing and Urban Development (HUD) to mortgage lenders who have demonstrated the experience and financial capabilities to underwrite and issue credit decisions on FHA insured loans. The Direct Endorsement Lender status, also referred to simply as DE, is reserved for lenders who have a minimum net worth of $1,000,000 and abide by strict guidelines and quality control standards put in place by HUD. In addition to having the Direct Endorsement Lender status, the mortgage company will also have the ability to not only approve or deny mortgage applications in its sole discretion, but also be able to fund the mortage loans it has approved.

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