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Mortgage
Banking is just the beginning of First Housing's
capabilities. We also help lenders and investors
make sound decisions by providing underwriting,
analysis, servicing and administration services.
Expert
Credit Underwriting and Loan Analysis
We
facilitate informed decisions. We advise housing
finance agencies and other governmental lenders
so that sound financing decisions can be made.
First Housing provides underwriting and analysis
under such government programs as Florida's State
Apartment Incentive Loan (SAIL), Multifamily Tax-Exempt
Housing Revenue Bond, State Housing Initiatives
Partnership (SHIP) and Home Investment Partnership
(HOME) programs and the federal Housing Credit
(HC) program.
Today, our impact can be seen in thousands of
new and rehabilitated multifamily residential
units representing hundreds of millions of dollars
in financing.
For more information, contact Ed
Busansky, Senior Vice President (813) 283-1043.
To
download financial monitoring forms, click here.
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Reliable
Loan Administration
When
it comes to servicing and administering real
estate financing, there is simply no substitute
for experience. Adhering to standard practices
is essential, but that is only part of our expertise.
After years of mortgage loan administration
for federal, state and local government agencies,
we understand fully what it takes to meet each
agency's needs, as well as each investor's return
objective.
In
addition, First Housing has been performing
construction loan servicing for nearly
twenty five years for loans financed under a
number of government programs. We perform construction
loan draw request analysis and approval of disbursements,
as well as retain and monitor third-party firms
to inspect the developments during the construction
period.
For more information, call Tricia
Gallagher, Vice President - Loan Administration
(813) 283-1020, or Debra
King, Assistant Vice President - Loan Administration
(813) 283-1041.
To
download construction loan draw request forms,
click here.
Tenant Compliance Monitoring
Complying
with public agencies' multifamily housing requirements
can be tricky, but it is familiar territory for
First Housing. State and local housing finance
agencies, property managers, syndicators, private
developers and the Federal Home Loan Bank of Atlanta
have looked to us for ongoing compliance monitoring
and consulting.
We have provided compliance monitoring for the
Florida Housing Finance Corporation since 1984
(including the Multifamily Tax-Exempt Bond, HC,
SAIL, SHIP and HOME Programs). As a result of
our combined efforts, Florida's HC Program received
extremely positive reviews in the U.S. General
Accounting Office's 1997 nationwide audit.
Ours is a thorough, systematic approach, including
detailed procedures for monitoring the specific
income and rent restrictions required by each
program. Our services include:
All
information is gathered and reported according
to the individual program's standards, providing
an accurate, detailed record in the event of management
review. Owners rely on this longstanding expertise,
complemented by our regular compliance education
seminars, to assure that their properties meet
all the applicable standards, substantially reducing
the risk of penalties. First Housing can be a
valuable resource, capable of identifying problem
properties and working to bring them into compliance.
For more information, contact Susan
Willis, Senior Vice President, (813)
289-9410 Missy
Brooks, Vice President, (813) 319-2270 or
Heather
Wheeler, Assistant Vice President at (813)
283-1030.
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