8.8 Application Exhibits and Responsibilities

A. The Lender shall utilize HUD’s standardized application exhibit checklist to facilitate the electronic submission of the application to aid in HUD’s completeness review of deliverables and to record underwriting processing results and conclusions for both pre-application and firm applications. The standardized checklist is a concise structured template organized with separate sections directly related to each technical discipline. The template will permit the HUD-delegated Underwriter and Lender to locate exhibits within the application binder, which will in turn expedite the application review process while reducing HUD’s risk during the underwriting analysis of the application. These application templates are for use for all program applications submitted under the Multifamily Accelerated Processing with the exception of Section 223(a)(7) applications. The Lender’s application submission templates for mortgage insurance are:

1. Underwriter’s Narrative

2. Application Checklist

3. Form HUD-92013-C, LIHTC Summary Report (LIHTC transactions only)