Is there any guidance available on what number to use for Lender ID # on a Standard Flood Hazard Determination form, in the event that an institution is doing two loans simultaneously for a customer – one to be sold to the secondary market (up to the $417,000 current threshold), and a second “Piggy-back” loan to be maintained in-house as a portfolio loan?
I am checking with our SFHD provider to see if it is possible to enter both numbers, but am not yet sure if that is an option.
3. LENDER ID NO: The lender funding the loan should identify itself as follows: FDIC-insured lenders should indicate their FDIC Insurance Certificate Number; Federally-insured credit unions should indicate their charter/insurance number; Farm Credit institutions should indicate their UNINUM number. Other lenders who fund loans sold to or securitized by FNMA or FHLMC should enter FNMA or FHLMC seller/service number.