VA Home Loan - ND Department Of Veterans Affairs

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VA Home Loan

WHO ARE WE?St. Paul Regional Loan Center1 Federal DriveSt. Paul, MN 55111Phone: 1-877-827-3702 (select option)Loan Production: Option 2Loan Administration: Option 3SAH/SHA: Option 4Construction & Valuation: Option 5Email: rlc335@va.govOTHER REGIONAL LOAN CENTERS Phoenix, AZDenver, COHouston, TXCleveland, OH Roanoke, VASt. Petersburg, FLAtlanta, GAHonolulu, HI*2

VA CONTINUES GROWTHYearTotal ,1152016705,474353,002FYTD 000300,000200,00056%in Total Loansclosed since 201028%in Purchases Loansclosed since 2014100,000020142015Total Loans2016FYTD 17Purchase Loans3

THE VA HOMEOWNER7069 / 10 243,1734

BENEFITS OF A VA HOME LOANLow or No Down PaymentNo PMI/MIPAssumable MortgageFlexible Credit GuidelinesCompetitive Interest RatesQuick Processing Time5

ELIGIBILITY REQUIREMENTSActive Duty 2 years (DD-214, Member Copy 4) 90 days on Title 10 Other than dishonorableNational Personnel Records Center (DD214):http://www.archives.govReserves/National Guard 6 years (Point Statement/Discharge Certificate, NGB 22) HonorableSurviving Spouse Veteran passed away while in service or due to a service connected disability Veteran had certain 100% disability ratings6

OBTAIN A COEVIP: Veterans Information PortalEbenefits Electronic Application vip.vba.va.gov WebLGY Electronic Application www.ebenefits.va.gov 1-800-983-0937- Technical AssistanceLenderVeteran7

OBTAIN A COEMailed In Application VA Form 26-1880 Surviving Spouse 26-1817 https://www.va.gov/vaforms Mail in or fax toFax Number: 215-991-50438

OBTAIN A COEHelpful Hints If the Veteran is not going to be purchasing or refinancing soon, do not order a COE. The Veteran should apply for their COE electronically through their lender. Review docs with Reserve/National Guard Veterans before submitting. Any DD-214 submitted must be for title 10 orders, not active duty for training. 6 years with more than 15 membership points Make sure the Veterans email address in included and legible on the 26-1880 We need the Veterans SSN for Surviving Spouse applicants. Use updated 26-18179

ELIGIBLE PROPERTY TYPESSingle FamilyMulti FamilyCondo/TownhomeManufacturedHomes10

REFINANCE OPTIONSCash-OutRefinanceInterest RateReduction RefinanceLoan (IRRRL)100% LTVMust have existing VAloanFull income/creditunderwritingUnderwriting is notrequiredVA appraisal requiredVA Appraisal notrequiredVeteran can do what he/shewants with the cashGreat Selling Feature!11

tsReconsiderations&Waivers12

HOUSING ADAPTATIONSSpecial Housing Adaptation (SHA) 16,217 (max effective 10/1/2017) Up to 3 uses Loss of extremities, vision impairment, etc.Specially Adapted Housing (SAH) 81,080 (max effective 10/1/2017) Up to 3 uses More extensive disabilities than would qualifyfor SHAPhoto Courtesy of U.S. Army13

LOAN ADMINISTRATIONRoles of Loan Administration Oversight for mortgage servicers Advice and counseling for Veteran’s withdelinquent VA home loans Review servicer claims and propertyacquisition14

HOME RETENTION OPTIONSRetentionOptions RepaymentPlan Forbearance LoanModification VA Refunding15

HOME LIQUIDATION OPTIONSAlternatives to ForeclosureCompromise Sale“Short Sale”Deed-In-Lieu ofForeclosure16

Thank you for serving ourmost deserving!

St. Paul Regional Loan Center. 1 Federal Drive. St. Paul, MN 55111. Phone: 1-877-827-3702 (select option) Loan Production: Option 2. Loan Administration: . Roles of Loan Administration. 15. H. OME. R. ETENTION. O. PTIONS Repayment Plan Forbearance Loan Modification VA Refunding. Retention

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6. Loan geography 8. 7. Contractual cash flows for each loan or pool of loans Risk System Data: 1. Loan classes and grades 2. Modification history by loan class 3. Loan renewal and funding history by loan class 4. Loan prepayments history by loan class 5. Loan cash flows not collected 6. Loan grade LGD and PD rates 7. Loan grade charge-off history

Loan product - select the type of loan. Basic Home Loan - Get back to basics with our no-frills, variable rate home loan - low interest rate, fees and stress. Flexible Home Loan - Customise to your heart's content. With options to fix, split or offset, you can create a loan to fit your lifestyle. Loan purpose. Primary purpose.

qHome Equity Credit Line qFixed Rate Home Equity Loan qVariable Rate Home Equity Loan Date Received Log Number . 2/22 Non-Owner Occupied Fixed Rate Home Equity Loan Non-Owner Occupied Fixed Rate Home Equity Loan Fixed Rate Application 611 River Drive Elmwood Park, New Jersey 07407 1-800-363-8115 . FAX: (201) 797-5086 Loan Originator's Name

last loan of a loan sequence. For more than 80% of the loan sequences that last for more than one loan, the last loan is the same size as or larger than the first loan in the sequence. Loan size is more likely to go up in longer loan sequences, and prin

Loan Estimate and Closing Disclosure Time Chart 1 TILA RESPA Time Chart 3 Loan Estimate Rounding Chart 5 Closing Disclosure Rounding Chart 9. LOAN ESTIMATE . CFR Reference Loan Estimate Disclosure Annotated 15 H-24(A) Mortgage Loan Transaction Loan Estimate 19 H-24(B) Fixed Rate Loan 31 H-24(C) Interest Only Adjustable Rate Loan 35 H-24(D .

Community Banks( 3B) vs. Regionals( 20B- 100B) Loan Yields vs. Market Rates Attendee Submitted Loan Pricing Case Studies Community Bank ROE and Loan ROE Trends Loan Pricing in a Rising Rate Environment . 5 TRENDS 6.44 5.09 5.11 4.75 5.25 5.75 6.25 6.75 Loan Yields Community Bank Loan Yields Regional Bank Loan Yields

qHome Equity Credit Line qFixed Rate Home Equity Loan qVariable Rate Home Equity Loan Date Received Log Number . 2/22 Fixed Rate Home Equity Loan Fixed Rate 611 River Drive Application Elmwood Park, New Jersey 07407 1-800-363-8115 . FAX: (201) 797-5086 Loan Originator's Name - _ NMLS# _ Loan Origination Company's Name - Spencer .

Keywords: Loan System, Loan Automation, Loan Application, Design Loan System, Design Loan Application. 1.0. Introduction A loan is an amount of money given to an individual or institution on the condition that it will be paid back over a . Non-functional Specification Non-functional requirements are good to haves. The non-functional .