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

Application 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.

BV 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