US Department of Housing and Urban Development Southeast Region SMAC Conference Jacksonville, Florida November 6 -- 7, 2017 US Department of Housing and Urban Development

US Department of Housing and Urban Development Our Mission Statement HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. US Department of Housing and Urban Development

FHA Project Number request Southeast Region Multifamily Production Application Processing Program Analyst assigns FHA Project Number and sends it to lender via email. Lender has (30) days to submit application once project number is assigned. 1. MAP approved Lender submits FHA Project Number request to HUD. US Department of Housing and Urban Development

Southeast Region Multifamily Production Application Processing 5. Lender CD is reviewed for completeness. (B) Underwriter Analyst determines whether application requires light, medium, or heavy touch. Application is uploaded to SharePoint Site. 4. Lender submits electronic copy of application to HUD (2 CD’s are required). US Department of Housing and Urban Development

Southeast Region Multifamily Production Application Processing 6. Production Director, Branch Chiefs and Program Analyst assign project to an Underwriter and/or Underwriting Team. B. Underwriting Team is notified of project assignment. 7. A. Assigned Underwriter emails lender with team assignments and notification where to send hard copies of application. B. Lender submits one application with original signatures and one additional copy of application. US Department of Housing and Urban Development

Multifamily Production Procedures (cont.,) Southeast Region Multifamily Production Application Processing Multifamily Production Procedures (cont.,) 8. An application is placed in preliminary reject status if deficiencies are noted. The lender is notified and has (14) calendar days to correct deficiencies. B. The Underwriting Team completes review and drafts Firm Commitment when deficiencies are corrected. Firm Commitment is distributed for signatures and mailed to the lender. US Department of Housing and Urban Development

Multifamily Production Goals Fiscal Year 2017 Criteria Actual # Actual % Target 221(d)(4) 55 98.2% 85% 223(f) 91 100% 85% 223(a)(7) 29 100% 85% Affordable Units 13,272 79.3% 100% * This slide reflects MPG percentages as of September 30, 2017 *

Production Summary as of September 30, 2017 Early Assigned FHA Project Numbers on Sep 30th: 90 New Applications in Pipeline 81 *Totals reflect applications received as of September 30, 2017*

Firm Commitments Issued Fiscal Year 2017: 176 223(f) 89 50.1% US Department of Housing and Urban Development

Initial and Final Endorsements Fiscal Year 2017 Criteria Loans # of Units Mortgage Amount 241(a) 1 8 $909,500 221(d)(4) 76 13,912 $1,454,188,500 223(f) 85 14,953 $1,072,178,500 223(a)(7) 31 5,571 $360,758,900 Total 193 34,444 $2,888,035,400 *Totals reflect applications processed as of September 30, 2017*

Production Summary Fiscal Year 2017 1. Number of Firm Commitments issued: 176 2. Number of Loans Endorsed: 193 3. Number of applications workshared out to Sister Regions: 7 4. Number of applications workshared in from other Regions: 2 5. Number of projects Rejected 17 US Department of Housing and Urban Development

US Department of Housing and Urban Development Customer Service TEAM WORK US Department of Housing and Urban Development

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