2.6.5.2 IOI Discovered Before Processing
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. If an IOI is identified and a MAP Lender has not started processing, the MAP Lender must disclose the IOI to COB and request written approval of the IOI before continuing. Alternatively, the MAP Lender may undertake one of the following measures:
Remove the IOI party from the transaction and process the application using MAP; or
Immediately transfer the application to a new MAP Lender. The new MAP Lender may not assign the pre-application submission, the Firm Commitment application, the mortgage insurance commitment or the insured loan back to the IOI MAP Lender prior to Final Endorsement.
Get a plain-English answer with a citation back to this text.
Ask AI about this code