503.01
Reporting
Requirements
You must submit quarterly and annual Financial Analysis of Operations reports (Form 4254 or Form 4254.Seniors) for each PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). .
Operating Procedures
You must submit all Financial Analysis of Operations reports via the MAMPMAMPMultifamily Asset Management Portal used to submit Property inspections, operating statements, requested modifications, asset management reports, and data corrections for loan or property attributes. . To ensure the operating statements are complete:
Item | Activity | You must... |
---|---|---|
1 | Verify | Verify the operating statements reflect the Property'sProperty'sMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). actual physical occupancy based on the most recent quarter-end rent roll. |
2 | Provide |
Provide actual expenses, normalizing
|
3 | Comment |
Comment if:
|
4 | Resolve | Timely resolve any quality control issues. |