Enterprise Income Verification Services
HUD’s EIV System is designed to streamline family and income data reporting during tenant reexaminations by providing integrated reports online. However, navigating the specific requirements of the EIV system can be complex and overwhelming.
At MLCM, we take the stress out of EIV compliance. Our expert team will train staff members on the various aspects of the system and how to use it. Clients are then able to run reports and send them to the MLCM team for verification.
Services:
Annual Staff Requirement Monitoring
Ensure your team meets all HUD security training and Rules of Behavior requirements with our proactive monitoring service. MLCM keeps track of annual obligations, so you can maintain compliance without the hassle.
Detailed EIV Report Review
Identify and address discrepancies with confidence. MLCM reviews your EIV reports, providing clear comments and guidance on income discrepancies, new hires, and deceased tenants, so your site staff can resolve in a timely manner.
EIV Policy Preparation and Updates
Keep your EIV policies up to date with our expert preparation and review services. We ensure your policies reflect current HUD guidelines and best practices, keeping your operations compliant and efficient.
Resources
Enterprise Income Verification (EIV) Frequently Asked Questions
Cyber Awareness Training must be completed at least once every 12 months.
HUD guidance generally requires EIV Master Binder Reports to be kept for three years.
The four most common reports auditors most commonly check for in a tenant file are:
- Existing Tenant Search (move-in requirement)
- Income Report
- Income Discrepancy Report
- Identity Verification Report
The following are documents that must be kept in an EIV Master Binder:
- EIV Security Policies and Procedures
- Signed EIV Rules of Behavior
- EIV User Access Authorization Form (original and current)
- EIV Coordinator Access Authorization Form (original and current)
- Security Awareness/Cyber Awareness Training Certificates
- EIV Master File Reports – Income Discrepancy Report, Multiple Subsidy Report, Failed Verification Report, Deceased Tenant Report, Identity Verification Report
- EIV Access List: Staff names and access level
- EIV Destruction Policy
- Owner Approval Letter from HUD
