Conditional Direct Endorsement Lender Review and Approval Process (DELRAP)

Conditional Direct Endorsement Lender Review and Approval Process (DELRAP)

Authority Conditional Direct Endorsement Lender Review and Approval Process (DELRAP) Authority refers to the authority of a Mortgagee that has provided notice to FHA of its intent to participate in DELRAP and requires the Mortgagee to submit all Condominium Project Approvals to FHA for review. Condominium Association A Condominium Association refers to the organization, regardless of its formal legal name, that and common-area assets. Condominium Project A Condominium Project refers to a project in which one-family Dwelling Units are attached, semi-detached, detached, or Manufactured Home units, and in which owners hold an undivided interest in Common Elements.