Spreadsheet: c46b8612-c891-4aae-92d9-7630cbb90abd
Sheet: Lender Approval-CH.2

[NAME] | ANSWER | Last Updated
How does a lender/underwriter become “LEAN approved?” | Lenders and underwriters should follow the instructions outlined in the [NAME] blast issued on March 30, 2012 in the section titled:  Lender and Underwriter 232 Program Qualification.   Below is a link our website where you can find all previous [NAME], in a searchable format:    http://portal.hud.gov/hudportal/HUD?src=/federal_housing_administration/healthcare_facilities/section_232/lean_processing_page/underwriting_guidance_home_page | 2012-04-01 00:00:00
Where, in the Section 232 application, should the evidence of attendance for LEAN training by the underwriter be attached/included? | In accordance with the Loan Underwriter Approval requirements that are listed in the March 30, 2012 Email Blast, evidence of attendance for [NAME] is Exhibit C of the Loan Underwriters' application package. | 2012-04-01 00:00:00
What is the process to become a construction loan administrator? | Please contact LQMD, in HUD Headquarters, for this approval process. | 2012-02-01 00:00:00
How do I find a lender who is approved for the 232 healthcare facilities program? How do I locate approved lenders in a particular state? | You need to go through a lender that is on the approved list at http://www.hud.gov/offices/hsg/mfh/map/maphome.cfm (see those with asterisks – for 232).  OHP cannot recommend the services of one lender over another.  You are welcome to call the contacts listed on the Approved Lender List and ask them about their presence in your area. | 2012-02-01 00:00:00
If we represent a small lender, who does not have a full time employee approved under the Section 232 processing guidelines, is a part-time employee eligible? | HUD is requiring that all 232 LEAN Underwriters be full-time employees of the FHA approved mortgage company. | 2012-02-01 00:00:00
How or where do I obtain a Mortgagee ID number? | If you don’t already have your mortgagee ID #, please contact [EMAIL] via email or call 1-800-CALLFHA | 2012-02-01 00:00:00
Is it considered a conflict of interest when an entity acts as LEAN lenders for FHA insurance on projects where there is no identity of interest between the lender and owner and/or operator, but the lender has financial and business relationships with that prospective owner/operator on other non-FHA business transactions? | There is no conflict of interest from a policy standpoint if the lender provides a statement disclosing their inter-relationships on non-HUD transactions and signs a statement that they will not receive any benefit or inducement with respect to other business dealings as a result of their activities as the HUD/LEAN lender for non IOI transactions for the services rendered as the LEAN lender with this individual and/or group. | 2012-02-01 00:00:00
Are there any conflicts of interest if the lender and developer share a financial relationship? | If there is an identity of interest between the lender and the borrower the project can not be submitted as a LEAN project.  The borrower would need to choose a non-identity of interest  lender. | 2012-02-01 00:00:00
Are lenders required to  re-certify their 232 Lean Healthcare underwriting approval on an annual basis? | No, Exhibit D of the Lender Approval Application which certifies that a lender will only use approved underwriters on 232 Lean healthcare applications outlined in the March 30, 2012 Email Blast is a one-time certification. Multifamily Housing’s  Office of Lender Quality and Monitoring (LQMD) intends to reach out to lenders to obtain the required certifications.  If a lender thinks that LQMD may not have the required certification on file, they may scan a signed certification and send it to [NAME] at [EMAIL]. | 2013-03-01 00:00:00