www.hudclips.org 


U. S. Department of Housing and Urban Development
Washington, D.C. 20410-8000

March 22, 1993
OFFICE OF THE ASSISTANT SECRETARY
FOR HOUSING-FEDERAL HOUSING COMMISSIONER
MORTGAGEE LETTER 93-9
    TO:  ALL APPROVED MORTGAGEES
    SUBJECT:  Revised Application to Participate in the
                Automated Clearing House
 
         Enclosed is the application to participate in the Automated
    Clearing House (ACH) process for payment of Single Family
    Mortgage Insurance Premiums.  The application has been revised
    and includes all of HUD's Single Family Premiums ACH Programs.
 
         The ACH Process allows the lender to:
 
              *    Electronically authorize the
                   premium payments to be made
                   directly from the designated bank
                   account;
 
              *    Control the timing of the premium
                   payment;
 
              *    Control the accuracy of information
                   through direct entry;
 
              *    Eliminate lost checks and mail; and
 
              *    Receive an expedited statement of
                   account.
 
         An information package providing the participation
    procedures, terminal operation procedures, concentration of funds
    terminal dialogue, micro computer access description and new
    terminal communication numbers will be forwarded to you upon
    receipt of your application to participate in ACH.
 
_____________________________________________________________________
                                                            2
 
     In addition enclosed is an "Information Change" form that is
now available for current participating lenders.  This form
should be used when the mortgagee's bank information changes.
 
     We look forward to having all approved FHA lenders
participate in the ACH process.
 
                         Very sincerely yours,
 
                          James E. Schoenberger
                          Associate General Deputy Assistant
                            Secretary for Housing
 
 Enclosures
 
                                            *U.S. G.P.O.:1993-342-362:80062
 
_____________________________________________________________________
     FAX to 202/401-1252
 
            Application for HUD Single Family Premiums ACH Programs
 
     CHECK THE APPROPRIATE ACH PROGRAM(s)*
 
          UP-FRONT                        Company number**    Output type**
 
              Corrections**                     38               NO
              Remittance**                      54               AD
              Refund Credit,
               corrections to new cases**      433               NO
              Refund Credit, remittance**      631               AD
 
         RISK BASED MONTHLY REMITTANCE          70               AD
 
         530 MONTHLY REMITTANCE                627               AD
              (Type of monitor:
                   monochrome or     color)
 
     TYPE OR PRINT CLEARLY
     UNIT (Mortgagee) NUMBER:      _ _ _ _ _ _ _ _ _ _ _(maximum-13 digits)
 
     TRANSIT ROUTING NUMBER (Bank  Routing Number):_ _ _ _ (9 digit number)
 
     BANK ACCOUNT NUMBER:* _ _ _ _ _ _ _ _ _ _ _ _ _ _ _(maximum-17 digits)
               (Check one:     checking or     savings)
 
     UNIT (Mortgagee) NAME:_ _ _ _ _ _ _ _ _ _ _ _ _ _ _(maximum-13 digits)
 
     FULL MORTGAGEE NAME:  ________________________________________________
 
     ADDRESS:              ________________________________________________
 
     CITY, STATE, ZIP      _____________________________,________,_________
 
     CONTACT NAME & NUMBER:_________________________(____)_________________
 
     AUTHORIZED BY:        ________________________________________________
                           Signature and Title of Authorizing Official
 
     ......................................................................
 
                               (For HUD Use Only)
 
      Requested By: ______________________ Effective Date __ __ __ __ __ __
                                                           M  M  D  D  Y  Y
 
       X  ADD            ________________________________________________
                              (Mellon Bank Authorization)
 
     ......................................................................
___________________
  *  If you are participating in more than one ACH program and utilizing
more than one bank account, a separate form must be completed.  This form
may be reproduced.
  ** For Mellon Bank Use Only
 
       U. S. Department of HUD, Single Family Insurance Operations Division