Insights Auditing Verification for MPS Program

Client

The Minimum Property Standards (MPS) program was established in order to minimize potential losses for single and multi-family homes purchased with federally insured loans. To achieve this objective, the Program established a system to review, evaluate, and approve construction materials for use in such homes to ensure that the homes would perform for the life of the loan.

Challenges

  • Monitor building materials used in single family and multi-family homes financed with federally insured funding.
  • Monitor sponsoring manufacturers and administrative agencies to assure that approved products and building systems in the marketplace are acceptable for use in federally insured loan programs.
  • The Minimum Property Standards is a voluntary program.

 

IBTS Solutions

  • Provide independent audits of sponsoring manufacturers of construction materials and systems, third-party administrative agencies, and approved state modular housing program administrators throughout the U.S.
  • Provide seminars to educate government personnel on the requirements of:
    • MPS regulations and standards
    • Permanent Foundation Guide for Manufactured Homes
  • Review designs for compliance with the permanent Foundation Guide for Manufactured Homes
  • Review product specifications and Q&A Program for compliance
  • Manage renewal process for Materials Release and Structural Engineering Bulletins
  • IBTS has a staff of certified quality auditors to conduct this work in the field and administer it from its central office.

 

Benefits

  • Provides an independent, comprehensive auditing verification program that includes tracking the performance of all program agencies and sponsoring manufacturers.
  • IBTS' ability to manage this program has freed government personnel to deal with the policy issues regarding the MPS program rather than conducting the day-to-day details.

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