The draft FHA Multifamily Accelerated Processing (MAP) Guide was posted on February 27, 2015 for stakeholder review and feedback.
HUD indicates the new Draft MAP Guide has revisions which can be categorized into three main areas:
(1) Technical corrections and edits to the current version, based on operational experience;
(2) Integration of previously published policy (e.g. Mortgagee Letters, Housing Notices, Memos, and less formal guidance) issued since 2011; and
(3) Incorporation of the significant organizational and operational business model changes associated with the Multifamily for Tomorrow transformation initiative.
The great news is that HUD is soliciting public comment and stakeholder feedback through April 30, 2015. To facilitate HUD’s review and analysis of feedback, stakeholders are encouraged to use a “Feedback Response Worksheet” in Excel format that can be accessed here. Now, let’s all curl up with the 907 page document and have a good read!