EIV Master Binder Services
EIV Master Binder Services: We will help you ensure that your properties are properly maintaining their Master Binders. All files are kept on NIST Compliant servers* (NIST compliance is what HUD requires). We offer two levels of service:
Basic Service: Your property manager runs the report(s), send them to us and we keep them on a secure electronic file cabinet. We provide the back-up both to be sure your managers are properly resolving the issues identified AND we maintain a copy of each report so that in the event the reports are not being properly maintained at the site, you always have access to these reports electronically.
Expanded Service: We will run your reports for you, work with the property to make sure all issues are properly resolved and documented and file the report on a secure server that is available to download for printing a hard copy at your property. The electronic copy is available during your MOR. HUD allows electronic storing of this data. During a HUD review, a username is given to the auditor to review the electronic Master Binder.
*“EIV data stored electronically must be in a restricted access directory or, if placed on portable media, labeled appropriately and encrypted using a NIST compliant vendor.” [HUD Multifamily Occupancy Handbook, 9-42. Version 8/13]
Basic Service: $.75 per unit per month; Expanded Service: $1.50 per unit per month