Who is responsible for monitoring and quality control of Real Estate Brokers and Closing Agents on HUD Home sales transactions?

HUD’s Asset Manager (AM) and Homeownership Center (HOC) staff are responsible for quality control and monitoring procedures for HUD-Registered Real Estate Brokers and Closing Agents.
 
HUD Registered Real Estate Brokers and Closing Agents will be monitored by the AM, who will report any deficiency or noncompliance issues to HUD for further investigation and/or action that may result in deactivation of the HUD Registered Real Estate Brokers Name and Address Identification Number (NAID) or the Closing Agent’s Title ID number.
 
See policy in Handbook 4000.1 Sections V.B.3-4 and V.D.4-5 at: https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh
 
For additional questions, please contact the Asset Manager. To locate contact information for your state's Asset Manager, go to the HUD HomeStore website at:  https://www.hudp260.com/Documents/MM%203%20Toll%20Free%20Numbers.pdf 


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-03656