12.7.2 Lender’s Role in Processing Application for Insurance of Advance
HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021) · 2026 edition · updated 2026-10-05 · United States
- A. Lender’s role in processing form HUD-92403, Application for Insurance of Advance includes:
- Complete the application indicating:
MAP Guide, March 2021 Go to beginning of Chapter 12
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Chapter 12 Page 12-17
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Chapter 12 Construction Period 12.7 Application for Insurance of Advances
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In Column B, amounts approved by the Lender/HUD;
- Lender’s approval date;
Amount to be advanced from mortgage proceeds;
- Amount disbursed from mortgagee’s front money escrow, if any; and
Total loan proceeds disbursed including the current request.
Submit the initial and final application to HUD for review and approval.
Process and approve interim advances.
Ensure clear title before advancing the approved disbursement.
Notify HUD in writing when clear title does not exist or is impaired by reason of mechanics liens unresolved for more than 60 days or other impairments appearing since initial endorsement without Lender and HUD consent.
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