Multifamily published its revised Multifamily Accelerated Processing (MAP) Guide, which is intended to cut the time required to approve loan applications and to assure consistent application of program requirements and credit standards across all HUD processing offices. FHA’s new MAP Guide delegates more underwriting responsibility to approved “MAP lenders” and includes all relevant guidance published by FHA since the MAP Guide was last updated in 2002.
This new Guide consolidates all necessary underwriting and program requirements in one document and addresses concerns raised by those seeking updated standards. Earlier this year, FHA issued new multifamily loan closing documents. The new MAP Guide is fully coordinated with the new loan closing documents.
Below are links that allow users to download (a) REV-1 MAP Guide 4430G November 2011, Bookmarked release 1.1 (the “Bookmarked MAP Guide”) and (b) an Overview and User Guide to the Bookmarked MAP Guide.
The Bookmarked MAP Guide contains various features that make this PDF document easier to use than the PDF document originally posted in 2011. The Bookmarked MAP Guide contains no new guidance or policy, but is simply a reformatted version of the November 2011 REV-1 Guide.
|REV-1 MAP Guide 4430G November 2011, Bookmarked r 1.1
|Overview and User Guide to the Bookmarked MAP Guide
Below are links that allow users to download the Transmittal that accompanied the November 2011 Guide and the version of the REV-1 MAP Guide that was posted in November 2011. The PDF document below does not contain the enhanced features of the Bookmarked version above, and is shorter since it does not contain the Chapter and Section information in the document’s pages’ headers that the Bookmarked version above does contain.