Doing More With Less: HUD Employs Lean Processing to Expedite FHA Section 232 Mortgages
By Caitlin Jones
1 min read
Tax Credit Advisor, December 2010: Two years after its launch by the U.S. Department of Housing and Urban Development (HUD), so-called Lean Processing of Federal Housing Administration (FHA) Section 232 health care mortgages has produced a number of benefits. But a large backlog of pending applications is preventing this initiative from reaching its full potential.
A look at how Lean Processing works in the Section 232 program is useful, since HUD has begun incorporating some core elements of Lean Processing in its FHA multifamily mortgage insurance programs. Examples are draft lender’s and underwriter’s narratives for FHA multifamily applications recently circulated by HUD to lenders. Read More…
