MAP (Multifamily Accelerated Processing) is a streamlined method and set of national standards for approved lenders to prepare, process, and submit loan applications for HUD multifamily financing. To be approved for MAP, all underwriters employed lender must attend a specialized HUD training session. Once approved for MAP, lenders are typically responsible for preparing most of a borrower’s exhibits, including their appraisal. HUD-approved lenders who are not approved for the MAP program must submit loan applications through TAP, or Traditional Application Processing.

MAP (Multifamily Accelerated Processing) is a streamlined method and set of national standards for approved lenders to prepare, process, and submit loan applications for HUD multifamily financing. To be approved for MAP, all underwriters employed lender must attend a specialized HUD training session. Once approved for MAP, lenders are typically responsible for preparing most of a borrower’s exhibits, including their appraisal. HUD-approved lenders who are not approved for the MAP program must submit loan applications through TAP, or Traditional Application Processing.

The main benefit of MAP (Multifamily Accelerated Processing) is that it establishes national standards for approved lenders to prepare, process, and submit applications for FHA/HUD multifamily financing. This means that lenders who are MAP-approved will typically see their borrower’s applications processed much more quickly than those that use TAP (Traditional Application Processing). Additionally, MAP-approved lenders are typically responsible for preparing most of a borrower’s exhibits, including their appraisal. This HUD document provides more information about MAP.

To be approved for MAP, all underwriters employed lender must attend a specialized HUD training session. Once approved for MAP, lenders are typically responsible for preparing most of a borrower’s exhibits, including their appraisal. HUD-approved lenders who are not approved for the MAP program must submit loan applications through TAP, or Traditional Application Processing.

The risks associated with MAP (Multifamily Accelerated Processing) are similar to those associated with any loan product. These risks include the potential for default, prepayment penalties, and other fees. Additionally, MAP processing can be more expensive than traditional loan processing, so borrowers should be aware of the costs associated with MAP processing before committing to a loan.

For more information on the risks associated with MAP (Multifamily Accelerated Processing), please visit the HUD website.

To apply for MAP (Multifamily Accelerated Processing) financing, you must first become an approved lender. All underwriters employed by the lender must attend a specialized HUD training session in order to be approved for MAP. Once approved, lenders are typically responsible for preparing most of a borrower’s exhibits, including their appraisal. After the application is prepared, lenders must submit loan applications through MAP or Traditional Application Processing.