CONTACT US FOR HUD LEAN INFORMATION

BUREAU VERITAS IS YOUR HUD LEAN RESOURCE!

The HUD LEAN  establishes national standards for approved lenders to prepare, process, and submit loan applications for FHA/HUD mortgage insurance. 
LEAN (or simply Lean) is not an acronym, but a method of processing HUD 232 applications. According to HUD, the HUD 232 LEAN process, “employs standardized work products and processes to obtain a consistent, timely result.” Some of the main Lean changes over the previous methodology are:

Standardized checklists, certifications, statements of work for third-party work, and lender templates for the application package.

Standardized punch-lists used by HUD staff in underwriting.

The removal of duplicate and unnecessary portions of the application process and requirements. For example, closing-related documents submitted with the Firm

Applications don’t need to be submitted later in the process as well.

Revised third-party appraisal requirements. Lean appraisals are market appraisals eliminating the need to use HUD forms.

No proprietary earnings carve out.

BUREAU VERITAS HUD LEAN assessments & reports:

  • Project Capital Needs Assessment (PCNA) / CNA e-Tool
  • HUD Phase I w/ HERO Partner Forms
  • HUD Seismic report​​​​​​
  • HUD Licensed Radon​​​​
  • Lead-Based Paint & Asbestos assessments
  • HUD Architectural/Engineering & Cost Reviews
  • Vibration Studies
  • HUD Scope ALTA Surveys & Zoning Report