FHA Underwriting

With decades of supportive FHA underwriting experience, our staff prides itself on its expertise with MAP™ and LEAN™ underwriting. From A7 to 221(d)(4) to 223/232f transactions, Armada Analytics has served as help for MAP and LEAN underwriters at over a dozen FHA lenders. We provide quick, thorough, and accurate pre-screen and full underwriting services, as well as TPA completion.

Over the past eight years, Armada has performed pre-screen and full underwriting services on over 500 FHA transactions.

Sample scope of work

Full Loan Underwriting:

• Review sizing and loan structure
• Critically examine historical cash flows and prepare proforma underwriting in accordance with investor guidelines
• Investigate and analyze borrower credit, history, and financials
• Review management company experience and suitability
• Critically review third party reports
• Perform site inspection
• Collect market data, analyze comparables, and interview market participants
• Identify strengths/weaknesses and mitigants to risks
• Prepare program waivers