Many private lenders use automated underwriting systems, a tool that FHA is now considering.• Costly audits. To originate FHA loans, lenders must complete an audit requirement, which typically costs $6000 to $8000 a year. ...

Non-FHA approved Brokers! Get paid on FHA loans! (by: Schmillenium)
They cant underwrite, own or service FHA insured loans. This is the only type of approval a mortgage broker can apply for. Loan correspondents are also known as Mini-Eagle because they can only originate FHA loans. ...