HUDBlast February 8, 2011
For an archive of HUDBlasts visit RBD online at www.rbdnow.com
Maintaining the EIV Master File
As we continue to deliver EIV training classes, we find that we get more and more questions about the EIV Master File. The EIV Master File includes:
Note from RBD: Other income verification reports such as the residents’ Income Summary and Income Detail Reports are maintained in the resident files not in the EIV Master File.
The number one question is “What information is supposed to be in the EIV Master File and what information is supposed to be in the Tenant File?”
It seems that some of you are including all of the detailed information about resident notices, resident interviews and attempted verification in the EIV Master File. If that practice continues, you will have a HUGE EIV Master File. When reviewing HUD’s instruction in HUD Notice 10-10, you should note that HUD advises owner/agents to make notes on the reports in the EIV Master Files and to include detailed information in the Tenant Files.
Based on a suggestion from one of our students (thanks, Ann-Marie!), we have created a new document to explain our interpretation of HUD’s requirements. This document gives a breakdown, by report, explaining what should be in the EIV Master File and what should be in the resident file. You can find this document on our web site at: www.rbdnow.com/re-eiv.htm.
As always, we welcome any feedback you have.
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