Service Bureau Plus customers receive all of the benefits of TRACS Service Bureau and EIV Service Bureau PLUS a dedicated Compliance Analyst to work directly with property management/owner to obtain all of the required documentation to complete all types of certification. The Compliance Analysts completes all of the computations and sends back to the property a packet that can be inserted in the tenant file complete.
- Recertification Notices (120-day, 90-day and 60-day) as required by HUD.
- Recertification Packets that include all of the required forms ready for distribution to the tenant.
- Assistance in obtaining all required verifications for the certification.
- Based on the information obtained from the tenant and/or property management, the Compliance Analyst will calculate the income, assets and allowable expenses.
- HUD 50059, Initial Notice, Rent Change Notice and corresponding model lease/lease amendments for the type of certification processed
- HUD 50059 forms, Initial Notices, Rent Change Notices and corresponding model lease/lease amendments as required for corrections due to EIV Income Discrepancy Reports, EIV New Hire Reports, EIV Deceased Tenant Reports, EIV Identity Verification Reports, EIV Multiple Subsidy Reports.
- Housing Assistance Payments (voucher) will be created by the Compliance Analyst and must be approved by the property management/owner prior to electronic submission.
- Monthly and Quarterly required EIV Reports.
- Repayment Agreement paperwork (as required).
- Assist the Client in the processing of all necessary corrections to tenant files as per HUD Guidelines.
- Review TRACS for compliance percentages. The Company will take the necessary steps to bring compliance to minimum of 90%.
- Other forms that are required by HUD to be in the file.