Elimination/Consolidation of Certain Certifications

Circular 26-08-17

We’re eliminating redundancies…

We’re consolidating mandatory certifications into a single certification.

Processing Changes:VA Form 26-1820, Report and Certification

of Loan Disbursement

May be signed by any individual authorized to bind the firm to the certifications listed in item 24 of this form.

Reserve/National Guard Activation Statement

No longer required!*

*Lenders must still consider if a veteran may be subject to activation and follow guidance listed in Chapter 4,

section 2m, of the VA Lenders Handbook.

Underwriter’s Certification for Automated Underwriting System

(AUS) Cases

No longer required!

Certification of data integrity is covered by the Lender’s Loan Quality Certification, located in VA Lenders Handbook, Chapter 4, section 1d, step 7.

Consolidation of CertificationsSample on Exhibit A of Circular 26-08-17

Borrower certifications include:Interest Rate and Discount Disclosure StatementInterest Rate Reduction Refinancing Loan (IRRRL) CertificationAdjustable Rate Mortgage (ARM) Certification

Consolidation of CertificationsSample on Exhibit A of Circular 26-08-17

Lender certifications include:Lender certification for payment increaseInterest Rate Reduction Refinancing Loan StatusPower of Attorney Certification

oAlive, well and not missing in action statementLate Reporting CertificationLender Loan Quality Certification

Reminder!These changes do not lessen the responsibility of lenders to underwrite loans in a sound manner in compliance with published VA directives.

Instead, the intent is to further simplify the processing of VA guaranteed loans for lenders.

After all, we are serving our veterans together!

Reference:

Circular 26-08-17

Elimination/Consolidation of Certain Certifications

Questions?Contact your nearest VA Regional Loan

Center for assistance.

www.homeloans.va.gov/rlcweb.htm

Thank you for your interest in the VA Home Loan Program!

We appreciate you!