Multifamily Mortgage Application Processing Delays | Office of Inspector General, Department of Housing and Urban Development

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Title	Announced	Priority Area	Program Area	State
Multifamily Mortgage Application Processing Delays Published Report(s) 2024-NY-0002	04/2023	Promoting Accountability and Effectiveness in Disaster Response and Recovery	Housing	All

Summary

HUD OIG is auditing the Office of Multifamily Housing Programs, which provides insurance on mortgages for multifamily rental housing properties. Between 2020 and 2022, HUD implemented changes to better manage applications after reporting an increase in volume and processing delays, which peaked with more than 500 applications waiting to be assigned for review. Our audit objective is to assess HUD’s efforts to address the processing delays.