11.3.2 Pre-Application and Firm Commitment Processing

A. The HUD Underwriter will conduct or arrange for the Pre-application or Firm Commitment review, including any required technical specialist reviews. The HUD Underwriter will coordinate the technical reviews, resolve any inconsistencies and make a recommendation as to whether an application should be approved, modified or rejected. The HUD Underwriter must document and justify any recommendation to approve a loan or to require conditions with which one or more technical reviewers does not concur.

B. If a HUD technical review does not concur with the conclusions approved by the Regional Center or Satellite Office Director, the technical reviewer may document the non-concurrence separately in the file. The HUD Underwriter should address the non-concurrence and document how the issues were addressed in the loan approval decision.

C. Upon completion of the technical reviews and the environmental assessment, the HUD Underwriter must prepare a memorandum to the Regional Center or Satellite Office Director summarizing the individual reviews of the specialists, any proposed waivers of Guide requirements and the Team Leader’s overall recommendation.