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11.3.1 HUD Underwriter Responsibilities

HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021) · 2026 edition · updated 2026-10-05 · United States

A. Under the direction of the MF Regional Center Director or other appropriate managers, the HUD Underwriter is responsible for coordinating with technical support and other HUD staff, and the oversight and performance of the following tasks:

  1. Conduct of Concept meetings and follow-up communication.

  2. Review of proposed MAP Lender and Underwriters and reporting to Asset Management and Counterparty Oversight Division of any concerns.

  3. Working with the Workload Distribution Lead for the Regional Center and/or Satellite Office and other appropriate officials in managing workload assignments for new applications.

  4. Screening applications for completeness, and fiscal controls for new application submissions.

  5. Conducting an “Early Warning System” screening to determine what level of Underwriter and technical specialist review is required given the complexity and risk factors associated with the transaction, and specific risk issues in the transaction.

  6. After screening or during the underwriting and technical review, the Regional Center or Satellite Office will advise the Lender of deficiencies in the application, and the Lender will have 5 business days to correct the defects or deficiencies. If the defects/deficiencies cannot be corrected within the 5 business days, or such other time frame as the Regional Center Director determines as appropriate, HUD will reject the application.

  7. Acknowledging receipt of the application, management of the queue and estimating processing target dates.

  8. Advising the Lender if there are deficiencies or additional information is needed.

  9. Performing technical reviews based on Lender underwriting and third-party reports or arranging for technical specialist reviews for higher risk or complex transactions or functions that need specific technical analysis given the features of a particular transaction.

  10. Recommending transactions for loan approval (or rejection) decisions.

  11. Preparing and issuing Pre-application Invitation letters and Firm Commitments.

  12. Assisting the RC Director (or their delegate) as needed in coordinating the closing process with OGC, the Lender, and Borrower’s team.

  13. Coordinating with Asset Management in turnover of files, briefing about conditions of the Firm Commitment, and providing information necessary for Asset Management’s risk rating of the transaction; and

  14. Coordinating with Asset Management and/or HUD’s Departmental Enforcement Center (DEC) to ensure that any open DEC referrals with respect to the Borrower or the proposed managing agent are resolved.

MAP Guide, March 2021 Go to beginning of Chapter 11

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Chapter 11 Page 11-6

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Chapter 11 Lender Underwriting, HUD Review and Closing 11.3 HUD Regional Center or Satellite Office Underwriting Review

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▸Contents — HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)
HUD Multifamily Accelerated Processing (MAP) Guide, HUD Handbook 4430.G (2020 ed., rev. Mar. 19, 2021)

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