HUD activates for lender fees

The Housing and Urban Development Department is using as a speedier and more efficient method of collecting fees at the Office of Lender Approval.

Advanced Technology Systems Inc. of McLean, Va., said last month it developed the interface for HUD. is a governmentwide transaction portal the Treasury Department's Financial Management Service conceived to provide for electronic collections that enable agencies to conduct online business.

Previously, lenders' fees were submitted to HUD via a lockbox at the Bank of America in Atlanta, which then processed the fees and transmitted the collections information to HUD every night. The manual process was time-consuming and prone to errors. will reduce costs for HUD, because Treasury provides these transaction services free of charge. HUD paid Bank of America for its lockbox services and a fee per keystroke of data entry. HUD anticipates saving one dollar for every form and collection authorization received in electronic format.

About the Author

Mary Mosquera is a reporter for Federal Computer Week.


  • Records management: Look beyond the NARA mandates

    Pandemic tests electronic records management

    Between the rush enable more virtual collaboration, stalled digitization of archived records and managing records that reside in datasets, records management executives are sorting through new challenges.

  • boy learning at home (Travelpixs/

    Tucson’s community wireless bridges the digital divide

    The city built cell sites at government-owned facilities such as fire departments and libraries that were already connected to Tucson’s existing fiber backbone.

Stay Connected