HUD Moves MAP Lenders to Exclusively Electronic Application Submission Process
The U.S. Department of Housing and Urban Development’s (HUD’s) Office of Multifamily Housing published a mortgagee letter Wednesday moving all of its Multifamily Accelerated Processing (MAP) lenders to an electronic application submission process. FHA Catalyst: Multifamily Applications Module will take effect Dec. 10 for all electronic MAP submissions. Mailed hard copies, USB drives or emailed cloud-storage service links will no longer be accepted or required as of that date. MAP lenders can request access to the module by completing the lender access request form and emailing it to [email protected].
Affordable housing will be discussed at the Novogradac 2022 Affordable Housing Developers Conference in San Juan, Puerto Rico, Jan. 13-14, 2022.