The Department of Veterans’ Affairs (VA) publishes a “VA Guidance on Natural Disasters” on their website (http://www.benefits.va.gov/homeloans/documents/docs/va_policy_regarding_natural_disasters.pdf), which provides guidance to both borrowers , lenders, and servicers on how to handle their VA loans (whether pending or existing) when the subject property is located in an area affected by a natural disaster.
We will be providing a duplicate of this Guidance as Cx17981, which is available “upon request.” Once requested, it will print when:
1. “Base Type” equals “VA”;
2. “Document Package Type” equals “Closing”; and
3. New “Natural Disaster Indicator” equals “Yes.”
Since this document is available “upon request,” it is available for assignment immediately. If you have any questions or concerns about this change, or would like to request that this document print in your packages, please contact Client Support at 1.800.497.3584.
January 7, 2014