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AFMD-82-15 1 (1982-06-11)

handle is hein.gao/gaobabdjm0001 and id is 1 raw text is: 





BY, THE COMPTROLLER GENERAL



Report To The Congress

OF THE UNITED STATES







VA And HUD Can Improve Service

And Reduce Processing Costs

In Insuring Home Mortgage Loans


VA 3nd HUD can provide more timely service
to hjome buyers and save at least $4 million
annually by following the private mortgage
insi rers' practice of relying on approved com-
mecial lenders for certain underwriting activ-
ities involved in guaranteeing and insuring
sin le family home mortgage loans. This would
red ce duplication of effort between the agen-
cie and lenders and reduce the number of
tims applications are reviewed by the agen-
cies. VA and HUD rely somewhat on lenders
now, but not to the extent possible.













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                                                      GAO/AFMD-82-1 5
   ICCOU, '                                               JUNE 11, 1982

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