HUD mandates that all unconditional Direct Endorsement
(DE) lenders register the employees they designate to review/approve
condominium projects for the Direct Endorsement Lender Review and
Approval Process (DELRAP) condominium approval method. Lenders
must certify that their registered employees meet the requirements
established by HUD (see
Condominium Reviewer Requirements).
The Condominium Reviewer
Registry function is used by DE lenders to establish and
maintain HUD's registry of certified lender-employed condominium
reviewers.
Once established, a condominium reviewer's record
must be recertified every two years using the Condominium
Reviewer Registry function (see Recertifying
a Condominium Reviewer's Record).
The DE lender must verify that the reviewer continues to meet HUD's
certification requirements. If a reviewer's record is not recertified,
the employee is prohibited from processing any further condominium
projects.
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