MF Loan Services

The Contractor shall perform all mortgage servicing on the Multifamily HUD-Held notes portfolio in accordance with the mortgage loan documents for each note and the Code of Regulations HUD Title 24 Parts 200 - 499. Servicing includes, but is not limited to, establishing the note upon assignment to the Secretary of HUD; monthly billing and application of collections; escrowing for taxes, reserve for replacement and hazard insurance, where applicable; disbursement of funds from escrow accounts; investing reserve for replacement and residual receipts, including maintenance of accounts and releases from accounts utilizing the Department's Minority Bank Investment Program (MBIP); preparation of payoff, foreclosure, mortgage confirmation and statements of indebtedness; provide fiscal data for Asset Sales; imaging and storage of files during retention period; and responding to mortgage servicing requests and inquiries. The Contractor shall also provide authorized HUD staff access to all data