According to Mortgagee Letter 2009-17, HUD will be instituting changes in the coming months to its annual renewal process for FHA approved lenders. HUD will eliminate the paper version of the Yearly Verification Report (V-Form) required for all renewing FHA-approved lenders and replace it with an automated Annual Certification process completed in the FHA Connection. All FHA approved lenders must confirm or update the information stored in the FHA Connection regarding their institutions so that it is accurate and complete. For more information, please refer to ML 09-17.
