Lender Electronic Assessment Portal (LEAP)

Lender Electronic Assessment Portal (LEAP)

The Lender Electronic Assessment Portal (LEAP) is an FHA system created to facilitate automated lender approval application. Lender Insurance (LI) Authority Lender Insurance (LI) Authority permits a Mortgagee with Title II Unconditional Direct Endorsement authority to endorse Single Family Mortgages for insurance without prior review by FHA. Lender Insurance (LI) Compare Ratio The Lender Insurance (LI) Compare Ratio is the percentage of Mortgages underwritten by the Mortgagee that are in claim or Default status compared with the percentage of Mortgages in claim or Default status for all Mortgagees operating in the same state(s) over the preceding twoyear period.