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      6501 VA Loan Review in Point

      The VA Loan Review is a new feature that enables users to submit loan documents to the VA for a comprehensive file review.

      Users will only receive updates on the order status through this interface, while all other communications will occur via email.

      1. Open the file in Point.
      2. Navigate to Services > VA > Loan Review

      1. The Order Type dropdown will only have a single option to select which is Loan Review. This dropdown will always be configured to Loan Review by default and New Order is the default choice
      2. There are 3 options available in the Request Type
        • New Order: Is used to send a new file to the VA.
        • Additional Documents: Is for sending added documents from the Stacking Order list not yet sent to VA.
        • Updated Documents: If a user receives an email from the VA stating, “I didn’t get your final review or loan application, please send it to me” The user should go to Update Documents and send the necessary files are documents.

      Include XML – Required in New Order

      • Loan Application (ULAD) – Checking the box will include the loan application XML in the submission.

      Stacking Order

      The Stacking Order list will be pre-determined by what is selected in the file. Ie: Purchase, Refinance, Refi-Cashout, Refi-Rate & Term.

       

      • Adding Documents:
        • Select the Stacking Order dropdown list option and click the Add
        • Select file from document storage or from your computer. If the file is selected from your computer, the user MUST select the Type when it is uploaded into the document storage.

      • Deleting Documents
        • Select the document the user wants to remove and click on Delete. This option is only for documents that have not been submitted to the VA.

         

      File Size

      The file size will count as documents are uploaded into the stacking order table. Documents or Document Packages cannot exceed 60 MB per submission.

      If a document is added that makes the total exceed 60 MB, the user will get an error message and will not be able to add that document. Users can either upload a smaller document or submit the package first, then add more documents in an additional document submission.