As previously announced, the Department of Veterans’ Affairs published VA Circular 26-17-12 in April, which instructs Lenders how VA Form 26-8923 (aka “IRRRL Worksheet”) should be filled out in conjunction with the Loan Estimate, how a revised IRRRL Worksheet should be completed if a revised LE is issued, and that “a final lender signed copy of the IRRRL Worksheet is required on all loans” (see http://blog.docutechcorp.com/compliance-news-va-issues-clarifying-instructions-va-form-26-8923-cx5535).
Because the IRRRL Worksheet is now required on “all loans,” we are changing the configurations of our duplicate of this form (Cx5535) to print generically under the following conditions:
- Base Type = VA
- Document Package Type = Underwriting
- VA Interest Rate Reduction Refinancing Loan (IRRRL) = Yes
Although the content of Cx5535 has not changed, we do wish to emphasize that most of the data which populates in the line items on the IRRRL Worksheet are imported values not generated through Docutech’s systems. Clients may wish to review the instructions set forth in VA Circular 26-17-12 to ensure that the values they import are compliant with VA instructions.
As required by the VA Circular, this configuration change will apply to all IRRRL applications originated on or after July 2, 2017. If you have any questions or concerns about this change, please contact Client Support at 1.800.497.3584.