B-010 FHA Supplemental Consumer Information Form Requirement

The U.S. Department of Housing and Urban Development (HUD) Published Mortgagee Letter 2023-13 on June 27, 2023 with provisions of their new requirement where FHA will require the use of the Supplemental Consumer Information Form 1103 (SCIF), to collect and report certain information from Borrowers effective with FHA loans with applications dated on or after August 28, 2023.

Background: The SCIF Form collects information about the Borrower(s) preferred language, and any applicable homeownership education, and housing counseling the Borrower may have received, so to this end, FHA is adopting industry-standard requirements regarding the provision of the Fannie Mae/Freddie Mac Form 1103, Supplemental Consumer Information Form (SCIF), to a Borrower at the time of application for an FHA-insured Mortgage commencing on August 28, 2023.

FLCBank already includes the SCIF Form with our URLA on every loan transaction and every borrower.

When the product does not require homeownership education, and housing counseling the SCIF will only include the Borrower Name and loan identifier (ULI #) unless the language section is completed, and if blank that is acceptable.
When the product requires the homeownership education, and housing counseling the SCIF must be ……