DELRAP

AcronymDefinition
DELRAPDirect Endorsement Lender Review and Approval Process (US HUD)
References in periodicals archive ?
FHA is proposing that in order to be granted DELRAP authority, a lender must be unconditionally approved for the Direct Endorsement program and meet the following conditions:
Under this proposed rule, lenders could be granted conditional DELRAP authority, provided they submit all recommended Condominium Project approvals and denials for FHA review, and may only proceed upon notification of FHA agreement with the recommendation.