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Posted March 23rd, 2017

Implementation Date for the Loan Review System Announced Today

Today, the Federal Housing Administration (FHA) published Mortgagee Letter 2017-08, which announces the following related to its implementation of the Loan Review System (LRS):

  • A May 15, 2017, implementation date for LRS and the associated changes to the Single Family Housing Policy Handbook 4000.1 (SF Handbook) published in Mortgagee Letter 2017-03; and
  • A change in the effective date to May 15, 2017, for Direct Endorsement (DE) program timeframe changes published in Mortgagee Letter 2016-21.

The LRS Information Page on HUD.gov has additional information about LRS functions and features. It also includes links to pertinent documentation.

LRS Information Webinars

Lenders that have not yet done so are encouraged to view the following recorded LRS webinars, accessible from the Single Family Housing Archived Webinars page:

  • Webinar 1– Loan Review System (LRS): Implementation and Process Changes.This webinar, recorded on January 26, 2017, provides an overview of LRS functionality and related process changes.
  • Webinar 2 – Loan Review System (LRS): Functions and Uses. This webinar, recorded on March 15, 2017, builds upon the overview information in Webinar 1 and provides user-level detail on LRS functionality.