Mortgagee Letter 2013-13, dated June 27, 2023 announced a new mandatory form for FHA transactions.
The Supplemental Consumer Information Form (SCIF) FNMA /FHLMC Form 1103 will be required for all FHA transactions with an application dated on or after August 28, 2023.
As a reminder, the Supplemental Consumer Information Form collects information from borrowers on homeownership education and housing counseling and/or the borrowers language preference.
Completing the Supplemental Consumer Information Form
FHA has given borrowers the option to complete no information, some information or all of the information on the form (i.e. the form may be left blank if the borrower so chooses) Additionally, a borrower signature is not required.
Homebridge will require that the borrower return the disclosure for all FHA transactions, including when the borrower opts to not complete any information.
Broker Disclosed Transactions
Brokers are not required to provide the Supplemental Consumer Information Form with their submission.
- The Homebridge Account Manager will provde the Supplemental Consumer Information Form in the Homebridge re-disclosures for FHA applications dated on and after August 28, 2023
- To ensure that the borrower has received the Supplemental Consumer Information Form, Homebridge will require that the borrower sign and return the re-disclosure package for all Broker disclosed FHA transactions with an application dated on or after August 28, 2023. This includes transcations where the borrower opts to leave the information blank
- A copy of the Supplemental Consumer Information Form will be retained in the loan file
Homebridge Disclosed Transactions
Homebridge will include the Supplemental Consumer Information Form in the initial disclosure package as of August 28, 2023
NDC Transactions
The NDC is responsible to provide the Supplemental Consumer Information Form to the borrower in the initial disclosure package. The FHA Submission QRG has been updated and will be posted on the Homebridge website on the Working With Us page under Broker Submissions Quick Reference Guides in the near future
If you have any questions, please contact your Account Executive.
