1. Best Practices, Underwriting Issues and Policy
Moderated by:
Panelists:
Rick Sherman
Chief Underwriter
PGIM Real Estate Finance
Steve Ott
Production Division Direction – Multifamily Midwest Region
Chicago HUD
Chris Nielsen
Branch Chief – Underwriter Branch 3
Detroit HUD
Mike Bisanz
Vice President & Deputy Chief FHA Underwriter
Dougherty Mortgage LLC

2. Changes during the process and review
Best Practices
Changes during the process and review
Quality of submission leads to efficiency on timing. Quick submission does not necessarily lead to quality
Communication and being partners
Waivers

3. Upcoming 3 year waiver change
Seasoning
Loan Parameters
Stabilized
Underwriting the un-stabilized deal
FHA vs Agency

4. Concept Meetings Sponsor – present at the meeting
Transactions not concepted = more issues later
Brief anatomy of a quality concept meeting

5. Mortgage Credit Sponsors/Principals – vet early
Like kind experience – size/scope
Surrounding inexperience Sponsor with other disciplines (doesn’t necessarily meet the requirements)
Management Agent
General Contractor/Architect

6. 223(f) – Heavy Repairs (where are the repairs going?)
How close to a d(4) SR?
Value added?

7. Affordable
Aggressive RCS
Chapter 15 Renewals

8. Misc. Lender Perspective Promoting the FHA-insured product
Welcome call and Weekly call (pilot through Minneapolis)-successful
Environmental
SHPO
Early Start
Lender Metrics
Green MIP

9. Questions & Comments