VA Circular 26-14-9: VA Loan Full File Loan Review – File Upload Stacking Order

VA Circular 26-14-9: VA Loan Full File Loan Review – File Upload Stacking Order

Veterans Benefits Administration                                           Circular 26-14-9

Department of Veterans Affairs                                              March 26, 2014

Washington, D.C. 20420

 

VA Loan Full File Loan Review – File Upload Stacking Order

 

1. Purpose. This Circular announces the Department of Veterans Affairs (VA) new mandatory stacking order for files selected for VA full file loan review, effective May 1, 2014.

2. Background. Currently, VA’s full file loan review process permits lenders to upload selected loan files to WebLGY for review without regard to document order or document type. Establishing a stacking order, which only permits uploading of VA-required documents, reduces upload time for lenders and audit times for VA. This new stacking order follows the Federal Housing Administration’s current stacking order.

3. New VA Loan Review Stacking Order. A new mandatory stacking order has been established for purchases/cash-out refinances and interest rate reduction refinance loans (IRRRLs). The new stacking order for purchase/cash-out refinance loans is attached in Exhibit A, and the new stacking order for IRRRLs is in Exhibit B.

4. Rescission: This Circular is rescinded January 1, 2015.

By Direction of the Under Secretary for Benefits

Michael J. Frueh
Director
Loan Guaranty Service

Distribution: CO: RPC 2021

SS (26A1) FLD: VBAFS, 1 each (Reproduce and distribute based on RPC 2021)

Please click here to view the online Circular