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Forms Required for IRRRL on Prior Approval Submission

Forms Required for IRRRL on Prior Approval Submission Remember to order a new VA case number through the VA Assignment System !
The following loan documentation, in sequence, must be submitted under the IRRRL prior approval procedure:
1. Comparison Sheet which contains: - The full name of the veteran and all other parties obligated on the prior loan and to be obligated on the new loan. The VA loan number and month and year of origination of the loan to be refinanced. - The name and address of the lender proposing to make the loan.
- The approximate proposed loan amount, interest rate, and term for the new loan versus the old loan. - Discount to be charged, expressed as a percentage of the loan and a dollar amount. - Statement signed by the veteran acknowledging his or her understanding of the effect of the refinancing loan on the loan payments and interest rate. The statement must show interest rate and monthly payments for the old loan versus the new loan. - The appropriate certification concerning occupancy signed by the veteran or the spouse of an active-duty service member. One of the following must be signed. - "I have previously occupied the property securing this loan as my home." _______________ Veteran's signature
"While my spouse was on active duty and unable to occupy the property securing this loan, I occupied the property securing this loan as my home." _______________ Spouse's signature
2. VA Form 26-8923, Interest Rate Reduction Refinancing Loan Worksheet .
3. VA Form 26-8937, Verification of VA Benefit-Related Indebtedness (if applicable). 4. VA Form 26-8320 (or 26-8320a), Certificate of Eligibility . 5. Uniform Residential Loan Application (URLA). 6. Explanation of the reason(s) for the loan delinquency, including appropriate documentation to verify the cause. 7. Documentation to verify that the cause of the delinquency has been corrected. 8. Credit report (in-file credit report is acceptable). 9. Current pay stub and telephone verification of current employment. 10. VA Form 26-6393, Loan Analysis . 11. Documentation of the cost of energy efficiency improvements to be included in the loan, if known. For cash reimbursement of the veteran, the improvements must be completed within the 90 days immediately preceding the date of the loan.
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Agency Information Collection: VA Request for Determination of Reasonable Value
A Notice by the Veterans Affairs Department on 05/20/2020
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This PDF is the current document as it appeared on Public Inspection on 05/19/2020 at 8:45 am.
If you are using public inspection listings for legal research, you should verify the contents of the documents against a final, official edition of the Federal Register. Only official editions of the Federal Register provide legal notice to the public and judicial notice to the courts under 44 U.S.C. 1503 & 1507 . Learn more here .
Veterans Benefits Administration, Department of Veterans Affairs.
In compliance with the Paperwork Reduction Act (PRA) of 1995, this notice announces that the Veterans Benefits Administration (VBA), Department of Veterans Affairs, will submit the collection of information abstracted below to the Office of Management and Budget (OMB) for review and comment. The PRA submission describes the nature of the information collection and its expected cost and burden; it includes the actual data collection instrument.
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/PRAMain . Find this particular information collection by selecting “Currently under 30-day Review—Open for Public Comments” or by using the search function. Refer to “OMB Control No. 2900-0045.
Danny S. Green, (202) 421-1354 or email [email protected] . Please refer to “OMB Control No. 2900-0041” in any correspondence.
Authority: 44 U.S.C. 3501-3521 .
Title: VA Request for Determination of Reasonable Value (VA Forms 26-1805, and 26-1805-1).
OMB Control Number: 2900-0045.
Type of Review: Extension of a currently approved collection.
Abstract: WebLGY automatically generates an appraisal request on VA Form 26-1805-1 for the requester. The requester, usually a lender or agent, following the prompts in the computer system inputs the required information. Upon completion, the requester enters “submit” and VA Form 26-1805-1 is generated which contains the case number, appraiser assignment, and property information which is automatically emailed to the appraiser and requester.
An agency may not conduct or sponsor, and a person is not required to respond to a collection of information unless it displays a currently valid OMB control number. The Federal Register Notice with a 60-day comment period soliciting comments on this collection of information was published on March 6, 2020, Vol. 85, No. 45, pages 13238-13239.
Affected Public: Individuals or households.
Estimated Annual Burden: 51,400 hours.
Estimated Average Burden per Respondent: 12 minutes.
Frequency of Response: One-time.
Estimated Number of Respondents: 257,000.
By direction of the Secretary.
Danny S. Green,
VA PRA Clearance Officer, Office of Quality, Performance and Risk, Department of Veterans Affairs.
[ FR Doc. 2020-10852 Filed 5-19-20; 8:45 am]
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About VA Form 26-1805 Form name:Request for Determination of Reasonable Value (Real Estate) Related to:Housing assistance Form last updated:July 2022 Downloadable PDF Download VA Form 26-1805 (PDF) Helpful links Change your direct deposit information
staff will review and process the VA Form 26-1805, generate a case number and, if appropriate, an appraiser assignment. This information will then be communicated to both the lender and appraiser via e-mail. Lenders must be sure to note on the VA Form 26-1805 the e-mail address where they want the information to be sent. b. Non-SAPP Servicers ...
front. An automatic update in WebLGY will replace the prior version of VA Form 26-1805. 4. Questions. For questions or comments about the updated VA Form 26-1805, please contact a VA Staff Appraiser at 1-877-827-3702, between the hours of 8:00 AM and 6:00 PM Eastern time. 5. Paperwork Reduction Act.
Find out how to change your address and other contact information in your VA.gov profile for disability compensation, claims and appeals, VA health care, and other benefits. Request your military records, including DD214 Submit an online request to get your DD214 or other military service records through the milConnect website.
Please note that VA e-mail addresses are not case-sensitive. 7 PHOENIX REGIONAL LOAN CENTER C&V STAFF VALUATION OFFICER: ... [email protected] REGIONAL LAPP COORDINATOR: Barb Hagerman: [email protected] ... means of transmitting the electronic 26-1805-1 (Request for Determination of
How to fill out the Va 1805 form on the web: To get started on the form, use the Fill camp; Sign Online button or tick the preview image of the document. The advanced tools of the editor will lead you through the editable PDF template. Enter your official identification and contact details.
• Assign a case number • Assign an appraiser • Generate a completed VA Form 26-1805-1, VA Request for Determination of Reasonable Value • Email the assignment to the VA-assigned appraiser . Note: In most cases, the appraisal will be assigned instantly. If an appraiser is not assigned by WebLGY, notify the RLC of jurisdiction.
1. Comparison Sheet which contains: - The full name of the veteran and all other parties obligated on the prior loan and to be obligated on the new loan. The VA loan number and month and year...
appraiser assignment date 7h. appraisal order date. 7i. appraisal due date 7j. ... va€form 26-1805, jan 2022. page 2 5c. requester title . 5g. business/lender street address line two ... zip code. 5i. business/lender address state 5k. institution case number. lender servicer. 6b. other borrower name(s) (spouse, partner, etc.)
Enter all requested information to generate VA Form 26-1805-1, VA Request for Determination of Reasonable Value. ... construction exhibits into WebLGY on the same day the assignment is made. Refer to VA Handbook for format requirements. U. 04/6//2022 Page 2of ... • VA Case Number (Loan Identification Number)
Complete the VA Case Number Request Form and email your request form to [email protected] Also, as applicable, a completed credit card authorization form, a VA Form 26-1805, and the purchase contract must be emailed along with the VA Case Number Request Form. ... *VA Case/LAPP request cannot be processed unless answer ...
This is done by you sending a signed letter to the VA Regional Loan Center that covers your state (or to your lender, who sends it to VA) requesting the re-assignment. As soon as it's been re-assigned then your new lender can access the appraisal through the VA portal. It can be done the same day, usually 24 hours though. Helping people with ...
VA FORM DEC 200426-0785 OMB Control No. 2900-0658 ... BUSINESS NAME AND ADDRESS (WHERE SAR LOCATED) 5. BUSINESS TELEPHONE NUMBER 7. FAX NUMBER 6. 10-DIGIT VA LENDER ID FOR OFFICE WHERE REVIEWER LOCATED 8. E-MAIL ADDRESS (Continued on Reverse) 2. SOCIAL SECURITY NUMBER ... If I was previously approved by VA as a LAPP Staff Appraisal Reviewer ...
26-1805 and 26-1805-1 are used to identify a property, request an appraisal, and the assignment of an appraiser. VA is required by 38 U.S.C. 3731(c) to determine the reasonable value of the property, construction, repairs or alterations and notify the veteran of such determination.
Danny S. Green, (202) 421-1354 or email [email protected] Please refer to "OMB Control No. 2900-0041" in any correspondence. SUPPLEMENTARY INFORMATION: Authority: 44 U.S.C. 3501-3521. Title: VA Request for Determination of Reasonable Value (VA Forms 26-1805, and 26-1805-1). OMB Control Number: 2900-0045.