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HUD Pilot Program for Acceptance of One Set of Closing Documents

HUD’s most recent 232 Lean Blast indicates a pilot program has been instituted in the Atlanta, Baltimore and New York offices allowing only one set of closing documents to be submitted if Lender’s counsel provides HUD with the electronic versions of the closing documents post-closing. HUD clearly indicates that this is solely at the HUD attorney’s discretion. We are still early in the process and I suspect the lender will still need a couple additional copies for itself and Ginnie, so don’t yet post on ebay your cart with wheels or cancel your chiropractor appointment.

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