Don’t Know Much About HUD’s Lean Processing System For 232/223 Loans? Read These Cliff Notes

Have you been seeing a lot of press and hearing about HUD’s new LEAN processing system lately but don’t totally understand it?  Don’t worry, we feel the same way.  After looking around and talking to various people, we found a primer from Cambridge Realty Capital that does a good job of explaining it in relatively easy terms to understand.  The power point presentation provides a summary of the process but sometimes gets technical, both on the “systems” side (referring to the Oracle Application Server Portal?) and the underwriting/financing side.  If you’re pressed for time and finance isn’t your primary function or responsibility, it’s worth a quick look.

For the document, click here.