Purpose
Attached is a copy of VA Pamphlet 26-7, Lender’s Handbook, Chapter 5, How to Process VA Loans and Submit Them to VA, which has been revised in its entirety.
Changes
Chapter 5 has been revised to reflect updates to VA systems, facilitate expeditious processing of VA-guaranteed loans and incorporate all appropriate Circulars. Key changes include:
Chapter 5, Topic 3 has been updated to reflect the documents that must be submitted to VA for prior approval of loans.
Chapter 5, Topic 3 provides an updated list of the documents required to request a Loan Guaranty Certificate following the closing of a prior approval loan.
Chapter 5, Topic 4 lists the documents that must be submitted when a loan is selected for Full File Loan Review.
This change is effective 90 days from the date of approval.
Additional Copies
Additional copies may be downloaded at https://benefits.va.gov/warms/pam26_7.asp.
Rescissions
Chapters 1-9 of the Lenders Handbook cover Loan Processing topics. All outstanding Circulars have been incorporated into the revised chapters. Once all revised chapters have been released, the outstanding Circulars will be rescinded.