AllRegs is pleased to present this resource in the Mortgage Mentor® Guide series: VA Mortgage Mentor® Guide!

The VA Mortgage Mentor® Guide is a reference for VA lenders and provides industry practitioners like you with a clear map of the VA mortgage process (starting with origination all the way through servicing and loan payoff) with handy features like summary job aids and expanded topics like loan servicing and extensive coverage of loss mitigation. We thought of everything – various calculations associated with VA lending, red flags checklists on topics like collateral review, credit reports, closing, title review, an extensive glossary, live links and reliable citations to the applicable VA handbooks, just to name a few. In addition, there are QC job aids, submission guides, quick references to regulatory concerns, and much more!

What it's about

Our VA Mortgage Mentor® Guide is your COMPLETE resource to support your VA lending efforts regardless of area of responsibility.

What's Inside

What if you had a complete companion resource to the VA Handbooks?

Imagine a tool to take the concepts and direction in the VA handbooks and translate them into a plain language interpretation of the requirements associated with the VA mortgage process.

AllRegs has taken each facet of the loan process and created an online step-by-step guide to each stage of a VA loan complete with supplemental resources, charts, worksheets, and checklists – all at your fingertips. The entire VA Mortgage Mentor® Guide is available online with links to VA documents, in a searchable online format. Take it from us; researching VA guidelines has never been easier!

This Mortgage Mentor® Guide includes the following:

  • Introduction to the VA
    • VA program benefits
    • Policy summary
  • VA Origination
    • Eligibility and entitlement
    • Available products
    • Regulatory and loan requirements
  • VA Processing
    • Case assignment
    • Appraisal requests
    • Verification requirements
    • Purchase and refinance transactions
    • Underwriting submission
    • Reference tables, sample documents, and supporting checklists
  • VA Underwriting
    • General credit policy
    • Loan amount calculations
    • Automated underwriting
    • VA -processed appraisals
    • Lender Appraisal Processing Program (LAPP)
  • VA Closing
    • File preparation
    • Closing documents
    • Loan fees
    • Title review
    • Submission checklist
    • Closing red flags
    • Title red flags
  • VA QC
    • QC and regulatory compliance
    • Origination QC loan review checklist
    • Servicing QC for current loans
    • Servicing QC for delinquent loans
  • VA Loan Servicing
    • Servicing requirements for current and delinquent loans
    • Loss mitigation
    • Termination and transfer
    • Claim procedures
    • Disaster assistance

Benefits

An intuitive, comprehensive and extensively researched resource for VA Mortgages, this online guide is available exclusively through AllRegs. The information is organized logically, to mirror the steps in the mortgage process.

Users will benefit from the following features, exclusive to AllRegs’ VA Mortgage Mentor® Guide:

  • Direct links to supporting agency publications, announcements and guidelines in AllRegs
  • User-friendly, "how-to" format covering every requirement a lender must follow, from automatic authority through guarantee and delivery
  • Information is cross-referenced and provides reference points throughout
  • Exclusive worksheets and checklists designed with the novice user in mind
  • "Best practices" for lenders to use as guidance for common procedures and widely accepted standards in the industry
  • Supporting job aids and reference materials
  • Continually updated as agency changes and actions require
  • A liberal site license allows for registered users to simultaneously access their own virtual copy, to bookmark and annotate as they please

Target Audience

All operations personnel including origination, processing, underwriting, closing, QC, and servicing staff of the following:

  • Mortgage Lenders
  • Mortgage Brokers
  • Mortgage Bankers
  • Third-party Originators
  • Or any entity participating in VA lending

Niche Audience

Compliance or legal professionals with VA lending responsibilities

Subscription Information

Contact our sales and customer service department at (800) 848-4904 or email sales@allregs.com.