IndustryIndustry brief

A federal HUD loan takes 323.5 hours of paperwork

Prodeal measured the paper inside a HUD closing. The number explains a lot about how agency deals feel.

By Prodeal’s count, a federal HUD loan takes 323.5 hours of paperwork. That is the checklist work alone: assembling, tracking, and clearing the documents a HUD multifamily closing requires.

The number is not an argument against the program. HUD deals carry agency checklists and review queues for a reason. It is an argument about where those hours go, because most of them are coordination rather than judgment.

We are cutting that. Prodeal customers run HUD checklists as live lists with owners, statuses, and due dates, the same way they run a conventional closing.

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