Section 302.204 Administration of Program

Section 302.204  Administration of Program

The Authority will establish procedures to administer the

HAF program, including application process and review that will include the

following:

a)         applications

will be taken via an online application platform; processing staff will review

files for program eligibility through applicant attestations, applicant

provided documents and servicer provided mortgage information;

b)         application

controls and due diligence will include:

1)         verification

of applicant attestations, review of application documentation to ensure

eligibility, verification of data provided by Servicers and approval, denial or

escalation of application files as appropriate; and

2)         review

of application records and uploaded documents to validate compliance with the

Authority’s procedures (as identified in this Part); and

c)         Authority

staff will onboard Eligible Servicers, exchange Applicant mortgage or other

relevant information, and initiate payments to Eligible Servicers.