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4.12 ADDITIONAL LENDER RESPONSIBILITIES UPON APPROVAL x Guaranteed Underwriting System (GUS). An automated underwriting system
is available to approved participating lenders. Lenders will utilize GUS and must enter into a User Agreement. Information on obtaining access to GUS is provided in Chapter 5 of this Handbook and at http://www.rd.usda.gov/resources/usda-linc- training-resource-library/guaranteed-underwriting-system.
x Electronic Lender Loan Closing System. Lenders must submit closed loans
electronically upon execution of a User Agreement. Access to the system provides the benefit of paying guarantee and technology fees electronically in lieu of paper checks. Additionally, the lender will have access to the Loan Note Guarantee electronically. Additional information is provided in Chapter 16 of this Handbook. An online user guide is available at http://www.rd.usda.gov/resources/usda-linc-training-resource-library/loan- closing.
x Payment of Annual Fees. Lenders will pay annual fees electronically.
Lender/servicers will enter into a User Agreement to receive automatic notification and electronically pay annual fees due. Additional information is provided Chapter 16 of this Handbook.
x Electronic Status Reporting. Servicers must submit monthly default reports and
portfolio reports indicating the status of loans they are servicing via Electronic Status Reporting (ESR) to the Servicing Office. The link https://www.rd.usda.gov/programs-services/lenders/usda-linc-training-resource- library provides information on completing a Trading Partner Agreement and utilizing the Electronic Status Reporting (ESR) system. Questions or requests for assistance may be emailed to RD.SO.HSB@usda.gov. Refer to Chapter 17 and Appendix 8 of this Handbook for additional information regarding electronic reporting.
x Loss Mitigation and Loss Claim Administration. An automated method of
processing loss mitigation requests pre-liquidation and loss claim administration post-liquidation is available to participating lender/servicers. Lenders will enter into a User Agreement. Servicers will utilize USDA LINC (Lender Interactive
(03-09-16) SPECIAL PN 4-9 Revised (08-05-25) PN 649 Guidance documents lack the force and effect of law, unless expressly authorized by statute or incorporated into a contract. USDA may not cite, use, or rely on any guidance that is not available through their guidance portal, except to establish historical facts
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Network Connection) to submit loss mitigation plans and loss claims, which can be accessed at http://usdalinc.sc.egov.usda.gov/RHShome.do.
x Post-Closing Lender Self Report. Once a loan closes and the Loan Note
Guarantee has been issued, the Agency will not release the loan in GUS/GLS for corrections. If the lender determines that information was not accurately reported during the underwriting process or changes occurred between issuance of the Conditional Commitment and the Loan Note Guarantee, the lender will submit a self-report to the Agency with a detailed description of the issue along with supporting documentation. The Loan Note Guarantee will not be revoked. The Agency will review the lender’s documentation and provide the lender with a written response. The Agency’s correspondence should be sufficient to satisfy most investor’s concerns regarding lender oversights. Additional information on submitting a self-report can be found in Attachment 16-B of Chapter 16 of this Handbook.
(03-09-16) SPECIAL PN 4-10 Revised (08-05-25) PN 649 Guidance documents lack the force and effect of law, unless expressly authorized by statute or incorporated into a contract. USDA may not cite, use, or rely on any guidance that is not available through their guidance portal, except to establish historical facts