What are the responsibilities of HUD’s Mortgagee Compliance Manager (MCM)?

The Mortgagee Compliance Manager (MCM) is responsible for pre- and post-conveyance activity including:
  • Reviewing Requests for Extensions of Time to Convey
  • Processing Occupied Conveyance Requests
  • Reviewing the approval of reimbursable expenses for Preservation & Protection Over allowable 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 & Re-conveyances)
Mortgagee Compliance Manager (MCM) Information Page https://www.hud.gov/program_offices/housing/sfh/nsc/mcm
  
For additional information see Handbook 4000.1 Sections III.A.2; IV.A. and IV.B. at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-01110