APPS & REAC

News and Notes
your free monthly e-newsletter for

HUD news, APPS help and REAC info

Volume 8 Issue 2

February 3, 2015

HUD 2530 Signature Changes

HUD now offers two options to industry partners that can reduce signature requirements on a HUD 2530. This comes on the heels of HUD's effort to digitize records and encourage the use of APPS for electronic 2530 filing.

1. PDF's of signed 2530 Submission Packages can be uploaded in APPS, in lieu of wet ink signature pages being mailed to HUD. (This is especially helpful when principals are in different geographic locations.)

Note: We still recommend wet ink signatures for 2530's that are part of an FHA Loan Application

2. Coordinators may electronically sign the e2530 in APPS under certain circumstances and upload the 2530 Submission Package without obtaining signatures.

Note: Coordinators may have legal ramifications related to electronically signing the e2530. We strongly recommend you consult an attorney for legal guidance before electing to utilize this function.

Murphy Consulting stays on top of HUD changes and 2530 Regulations!

Contact us for help with all your 2530 & APPS needs. www.hud2530help.com

APPS Tip of the Month - APPS processing

Did you know? HUD is cracking down on receipt of signed HUD 2530 Submission Packages

HUD Field Office's have reports showing the outstanding APPS 2530's in their cue. Some are due to transaction delays or HUD Flags, but others are due to missing signature documents.

Be sure to send in your signature documents in a timely manner or HUD may elect to "Return" the submission, forcing you to redo your work.

Contact the specialists at Murphy Consulting for help with all your APPS needs. Call (410) 821-6953

Click here for a copy of our corporate brochure.

2530 Tip of the Month - NonProfits & Executive Directors

Did you know? The Office of Residential Care Facilities (ORCF) has determined that Executive Directors of a non-profit qualify as principals for HUD 2530 review, as they are decision makers, similar to Corporate officers.

If you are working on a HUD financing with ORCF and believe that your Executive Director does not qualify as a principal, be sure to contact your Lender early in the process to review this requirement.

Call Murphy Consulting for all your HUD Secure System needs. Check out our web site today! www.murphyconsultingsvs.com

(410) 821-6953

Secure System, EIV & APPS Services

Outsourced APPS Coordinator services are available for e2530 submissions in APPS. Call (410) 821-6953 or email for details and pricing.

~ Fees based on org structure, previous participation and number of submissions needed.

EIV Coordinator or User Access help is available for new Coordinators or Users - ID application, EIV access, HUD security requirements and more. Access troubleshooting is available for existing Coordinators and Users.

~ Reasonable fixed fee pricing.

Professional Organizations may arrange for a presentation at their Conference or Annual Meeting.

~ Contact Denise Murphy Edwards at (410) 821-6953

Where you can find us in 2015

Naples, Florida

February 3rd - 5th

NLHA Meeting - Speaker on

2530 Regulations & APPS Changes

Attending:

~ Denise Murphy Edwards

Baltimore, Maryland

March 9th - 11th

Eastern Lenders Association

Attending:

~ Denise Murphy Edwards

~ Tracey Pomponio

~ Lauren Lee

Denver, Colorado

April 15th - 17th

Western Mortgage Advisory Council

Attending:

~ Denise Murphy Edwards

~ Doreen Walsh

Washington, DC

June 24th - 26th

NLHA Meeting

Attending:

~ Denise Murphy Edwards

Boston, Massachusets

November 1st - 4th

Leading Age Annual Meeting

Attending:

~ Denise Murphy Edwards

If you are attending one of these conferences, please introduce yourself. We want to meet folks in person who we have previously only "met" on the phone. (And we love to meet know people too!)

About Denise

Denise Murphy Edwards is a nationally renowned speaker, 2530 regulatory expert and HUD Secure System specialist. She is a frequent presenter for NLHA, Leading Age, ELA, SMAC and others.

She works with lenders, attorneys, contract administrators, owners and mangement agents on HUD 2530 & APPS matters.

Visit our website to learn more about what Murphy Consulting can do for you.

www.murphyconsultingsvs.com