USDA New Document Upload for Guaranteed Loans
On April 17, the U.S. Department of Agriculture (USDA) released a single family housing servicing update titled New Document Upload for Guaranteed Loans.
New document upload for Guaranteed Loans
USDA Rural Development has launched a new process to allow lenders to upload and view supporting Loss Mitigation, Loss Claim and Future Recovery documentation. This enables lenders to more easily and efficiently submit documents/packages to the Agency for Single Family Housing Guaranteed Loans. With this new automation lenders can now:
- Streamline document submissions- documents will immediately generate a transaction for processing or attach to an open transaction to expedite processing
- Save money through paperless processing–no more overnight delivery fees to submit claim documents to the Agency
- Electronically submit the information previously submitted by email or fax
- Eliminates the need to send via secured email, encrypting documents, etc.
For Policy questions, please contact the Single Family Housing Guaranteed Loan
Division by dialing (202) 720-1452 or the Centralized Servicing Center by
dialing (866) 550-5887.
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