Federal Register #FR-7106-N-29

HUD Notice of Modified System of Records for Single-Family Mortgage Asset Recovery Technology (SMART) System

This notice from the Department of Housing and Urban Development (HUD), Office of Housing, announces a modification to the Privacy Act system of records for the Single-Family Mortgage Asset Recovery Technology (SMART) system. - The SMART system is used for servicing HUD FHA Insured Title II Secretary held loans, including generating payoffs and processing payments. - The modification expands the categories of records maintained and adds the "Do Not Pay" routine use to enhance payment integrity and compliance with federal requirements. - No procurement of products or services is requested in this notice. - No Original Equipment Manufacturers (OEMs) or vendors are mentioned, as this is not a solicitation or contract opportunity. - The notice details the types of records, system purposes, and routine uses, but does not involve acquisition of goods or services.

Description

The Department of Housing and Urban Development (HUD), Office of Housing, is issuing a notice to modify the Single-Family Mortgage Asset Recovery Technology (SMART) system of records. The SMART system supports loan servicing functions such as generating payoffs and processing payments for HUD FHA insured Title II Secretary held loans. The modification expands the categories of records in the system and incorporates the "Do Not Pay" routine use to enhance payment integrity and compliance with federal requirements. Public comments on this modification are accepted until August 6, 2026.

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