Management and Responsibilities Agent’s Duties <<Briefly describe the management duties and responsibilities (i.e., will the agent’s management agent control the operating accounts; contract for services; recruit, select or train employees; take responsibility for the management of the functional operation of the facility or the execution of the day-to-day policies of the facility; etc.). Also describe the nature of the management compensation and how it was calculated.>> agent’s Experience/Qualifications <<Provide a narrative description of experience and qualifications. Discussion should highlight direct experience and involvement in other HUD transactions. This section should clearly demonstrate the expertise to successfully manage the facility and meet the obligations of the management agreement.>> Credit History Report Date: <<within 60 days of submission>> Reporting Firm: Score: <<Provide an explanation of the credit score in terms of risk level (i.e., low, medium, or high). Also, if the score is evaluated numerically, explain what value the credit agency places on the score. >> Key Questions Yes No Does the credit report identify any material derogatory information not previously discussed? . Does the underwriter have any concerns related to their review of the credit report? <<For each answer above, provide a narrative discussion on the topic describing the risk “yes” and how it will be mitigated.>> Other Facilities Owned, Operated or Managed Key Questions Yes No Does the management agent own, operate, or manage any other facilities? . Do any of the other facilities have pending judgments; legal actions or suits; or, bankruptcy claims? N/A
Management Agent’s Duties and Responsibilities <<Briefly describe the management agent’s duties and responsibilities (i.e., will the management agent control the operating accounts; contract for services; recruit, select or train employees; take responsibility for the management of the functional operation of the facility or the execution of the day-to-day policies of the facility; etc.). Also describe the nature of the management agent’s compensation and how it was calculated.>> Experience/Qualifications <<Provide a narrative description of experience and qualifications. Discussion should highlight direct experience and involvement in other HUD transactions. This section should clearly demonstrate the expertise to successfully manage the facility and meet the obligations of the management agreement.>> Credit History Report Date: <<within 60 days of submission>> Reporting Firm: Score: <<Provide an explanation of the credit score in terms of risk level (i.e., low, medium, or high). Also, if the score is evaluated numerically, explain what value the credit agency places on the score. >> Key Questions Yes No Does the credit report identify any material derogatory information not previously discussed? . Does the underwriter have any concerns related to their review of the credit report? <<For each “yes” answer above, provide a narrative discussion on the topic describing the risk and how it will be mitigated.>> Other Facilities Owned, Operated or Managed Key Questions Yes No Does the management agent own, operate, or manage any other facilities? . Do any of the other facilities have pending judgments; legal actions or suits; or, bankruptcy claims? N/A
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