Regulation & law · 29/08/2017

HUD to Automate Loan Guarantee Process with ONAP-LOS System

The U.S. Department of Housing and Urban Development (HUD) is set to launch the Office of Native American Programs-Loan Origination System (ONAP-LOS), a new electronic system designed to streamline the loan guarantee process for the Section 184 Indian Home Loan Guarantee Program. The system will enable lenders to submit loan applications and supporting documents electronically, replacing the current paper-based process used by HUD's Office of Loan Guarantee staff.