Bank's Bullshit - Ever heard of a "BPAG"

Have you ever heard of a bank's BPAG?

Today I received an email from a Mortgage Loan Specialist at Wells Fargo claiming that the bank's BPAG needed an additional 7-10 days to underwrite a client's loan.

I'd never heard of a BPAG so I asked the "Loan Specialist" to explain it. He said BPAG is the "Builder Project Approval Group" - "a specialized group of underwriters that go into a more in-depth look into the Condo Association to ensure that they are financially sound".

I googled BPAG (and Builder Project Approval Group) but found nothing that matched what the Loan Specialist had told me.

I did however find matches for "The Book and Paper Arts Guild" and "The Botley Parish Action Group".