Tier Ranking System (TRS)

Tier Ranking System (TRS)

The Tier Ranking System (TRS) II is a methodology for quantifying a Mortgagee’s performance in complying with HUD’s Loss Mitigation and Delinquent servicing policies. Tiered Pricing points from the Mortgagee’s reasonable and customary rate for insured Mortgages for dwellings located within the area. Title I Lender by FHA to participate in the Title I program under the National Housing Act (12 U.S.C. § 1703 et seq.), or (b) is under suspension or holds a Title I Contract of Insurance that has been terminated or suspended but remains responsible for servicing or selling the Title I Loans that it holds and is authorized to file insurance claims on such Title I Loans.