Multifamily Accelerated Processing

Multifamily Accelerated Processing (MAP) was designed by the U.S. Department of Housing and Urban Development (HUD) to establish national standards for approved Lenders to prepare, process, and submit loan applications for Federal Housing Administration (FHA) multifamily mortgage insurance.  For detailed information regarding the MAP process, please visit HUD’s Multifamily Accelerated Processing home page at http://www.hud.gov/offices/hsg/mfh/map/maphome.cfm.

As part of the MAP process, Beacon Hill Mortgage Corp. coordinates all third party disciplines, conducts all the technical reviews necessary, and prepares the Firm Commitment.  Depending on the Section of the National Housing Act the project will be insured under, the property may require an architectural analysis, a cost estimate, an appraisal, a market analysis, and an environmental report.  BHMC and HUD will approve all third party disciples and Beacon Hill will oversee all report preparation and completion.  In its capacity as a MAP approved underwriter, BHMC will (1) determine the borrower’s acceptability (2) process the financial statements (3) determine the mortgage amounts, cash requirements, etc. (4) identify use of grant/loan funds, if applicable (5) insure upon completion or Insurance of Advances (6) estimate cash requirement for the project (7) complete the underwriter’s summary and assemble the package.  

For more information about our MAP programs, please visit the previous page and select the type of project insurance you are requested, or contact us by calling 800-808-4455 or email bhmc@bhmc.biz.