The “Lender Certification” which forms a part of Cx14501 is required primarily as follows:
“Lenders originating loans are responsible for determining and certifying to VA on the appropriate application or closing form that the loan meets all statutory and regulatory requirements. Lenders will affirmatively certify that loans were made in full compliance with the law and loan guaranty regulations as prescribed in this section.” (38 CFR § 36.4340[k]; emphasis added; see also VA Lender’s Handbook, ch. 6, 1-q)
As previously announced, the VA has published an FAQ on VA Circ. 26-18-1 which clarifies that the “Lender Certification” does not need to be provided during the initial disclosure period, but rather at closing (see https://compliance.docutech.com/2018/04/09/compliance-news-va-issues-faqs-concerning-va-interest-rate-reduction-refinance-loans/).
Due to this, we are modifying Cx14501 so that the “Lender Certification” section will continue to print based on our current default logic, but only when Cx14501 prints in Closing packages (i.e. the “Certification” will not print by default when Cx14501 prints in any other document package).
These changes will take effect on April 17, 2018. If you have any questions or concerns about these changes, please contact Client Support at 1.800.497.3584.