VA requires customers to upload VA Loan Files through the LOS.
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.
- Open the file in Point.
- Navigate to Services > VA > Loan Review
- The Order Type dropdown will only have a single option to select which is Loan Review.
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.
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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 button
- Select a file from the document storage or your computer.
- If the file is selected from your computer, the user MUST select the Type when it is uploaded into the document storage
- Select the Stacking Order dropdown list option and click the Add button
- 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
- 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 increase as documents are added to the stacking order table. Documents or Document Packages cannot exceed 60 MB per submission.
When adding documents the document if the file size exceeds 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, add more documents in the document submission.
The Preview button will show the stacking order listed items. In gray are the descriptions. All uploaded documents are below the description numbers. This will allow users to review uploaded documents before submission.
