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• Review the entire loan package to make certain that the borrower meets all loan program guidelines. <br /> • Interact with the first lender and client to clarify issues and finalize the review and submission <br /> of the application and other requisite loan information. <br /> • Consult with lender and participant on steps required to take to further advance the program <br /> approval procedure. <br /> • Loan approval that will include the communication of approval or denial to the <br /> prospective borrower/buyer. <br /> • Review all documents as related to the real estate purchase, including the appraisal,title <br /> report, and real estate purchase contract. <br /> PDALP and PHAP Program Support and Underwriting <br /> BAAHA staff will provide PDALP and PHAP purchasers/borrowers requisite support services to <br /> apply and obtain program funding. In assisting Program participants, BAAHA will maintain the <br /> following procedures. <br /> • Review prospective applicant to determine if they qualify for additional subsidy program. <br /> • Assist in preparing application for the PDALP and all other augmenting programs (such <br /> as the WISH Program). <br /> • Assist in processing and submit program reservation requests for program. <br /> • Follow through with subsidy provider to make certain that all documents are in order and <br /> program protocols are adhered to. <br /> • Through the entire process,make certain to communicate and facilitate all activities and <br /> protocols with all parties in the transaction including the real estate agents, first lender, <br /> title company, and municipality/agency providing the subsidy. <br /> General Non-Program Specific Related Administration <br /> Additional non-program administrative related activities BAAHA will be involved with include: <br /> • Overseeing general program operations and budget. BAAHA will maintain financial <br /> records and budgets as it pertains to all operational costs. <br /> • Maintaining all requisite records from operations. BAAHA will maintain all documents <br /> and records as related to the operations and implementation of the City's Programs. <br /> These records will be open and made available to City administrators at all times. <br /> • Preparation and delivery of administrative reports. BAAHA will provide the City <br /> administrators and any related agencies a report on all program activities. This report <br /> will include a narrative further describing challenges, issues,opportunities, and general <br /> observations related to the maintenance and advancement of the program. <br /> • Maintain a database of prospective participants. BAAHA will maintain a database of <br /> inquiries and participants within the program, irrespective of the outcome of the <br /> participants' efforts in securing a home. <br /> • Administrative Billing Statements—for BAAHA's administrative services will be <br /> provided to the City on a quarterly basis. <br /> 15Page <br />