HUD Mortgagee Letter 2015-23: New Single Family Mortgagee Compliance Manager (MCM)
Investor Update
October 1, 2015
New Mortgagee Compliance Manager
Beginning October 1, 2015, ISN is responsible for assigned Mortgagee Compliance Compliance Manager functions including:
- Reviewing Requests for Extensions of Time to Convey
- Processing Occupied Conveyance Requests
- Reviewing the approval of reimbursable expenses for Preservation & Protection Overallowable Requests (including those properties securing Home Equity Conversion Mortgages)
- Reviewing Requests to Convey Properties with Surchargeable Damage
- Conducting Title Reviews and verifying Deed/Document Execution
- Processing Requests for Pre-conveyance Inspections
- Conducting Reviews of Claim Parts A, B, C, and D
- Tracking and Pursuing Administrative Remedies (e.g., Monetary Demands, Offsets, and Re-conveyances)
Source: HUD (Mortgagee Letter 2015-23 full version)