Lender Qualifications for Multifamily Accelerated Processing (MAP)
Revision of a currently approved collection
No
Regular
Approved with change
10/02/2023
01/27/2023
The agency is advised by OMB that inquiries received on an ICR from internal agency personnel should not be treated as public comments. The agency is also advised that the proper location to document responses to comment is either directly in Supporting Statement A or under the section entitled Supplemental Document.
No later than the first ICR revision conducted one year after this approval, the agency shall update its response to Question Prompt #3 of the Supporting Statement A to specifically describe the submission method for any instrument associated with this information collection that either (1) does not have any mechanism for submitting the document to HUD electronically; or (2) Allows for electronic submission, but requires printing off a document or form to physically complete a portion of it (e.g. for signing purposes) or otherwise requires scanning a document or form before it can be electronically submitted to the agency.
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
10/31/2026
36 Months From Approved
12/31/2023
2,071
0
1,118
132,172
0
10,406
0
0
0
To participate in MAP, lenders will be required to show that they have an experienced multifamily underwriter on staff, a satisfactory record on lending on multifamily housing properties, and an acceptable Quality Control Plan. Qualified lenders can then take advantage of a mortgage application-procesing plan that will take substantially less processing time than traditional processing.
This is the first amendment to the MAP Guide since the 2020 approval. Consistent with OMBâs approval at that time, HUD now proposes to amend and repost the MAP Guide each time it issues a Mortgagee Letter, Federal Register rule or notice, or Administrative Memorandum which amends the Guide. This is in lieu of the former approach of revising the entire MAP Guide on a triennial calendar consistent with the duration of an OMB number incorporating in one action all intervening Mortgagee Letters, Notices, etc. A key benefit of this approach is that HUD will obtain a new OMB number expiration date with each amendment and will not likely confront a pending expiration of its OMB approval for the MAP Guide. In addition, users will have an up to date MAP Guide.
$1,482,316
No
No
No
No
No
No
No
Wendy Carter 202 708-2866 ext. 2546
Reginfo record details
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.