What is MAP (Multifamily Accelerated Processing)?
MAP (Multifamily Accelerated Processing) and the HUD 223(f) Loan Program
MAP, or 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.