VALERI Servicer Newsflash
Investor Update
March 20, 2017
IMPORTANT INFORMATION
Claims Bulk Upload Template Update – Servicers have the ability to add the unpaid principle balance (UPB) deferment when submitting claims to VA beginning Monday March 20, 2017; therefore a new claim line item – “UPB Deferment” – has been added in the “Other Fees” tab on the claims bulk upload template. The new template will be located at http://www.benefits.va.gov/HOMELOANS/servicers_valeri_guides.asp.
Bankruptcy Attorney Fees –The VALERI Fee Cost Schedule has been revised to reflect the updated Bankruptcy Attorney Fees, which went into effect on 3/9/17. The updated VALERI Fee Cost Schedule is located at http://www.benefits.va.gov/HOMELOANS/servicers_valeri_rules.asp.
DEVELOPMENT UPDATES
On Saturday, March 18, 2017, VALERI Manifest 17.1 will be released. The following system enhancements will be included:
CQ 12218 – Updates the list of required Post Audit documents.
CQ 12200 – Adds two new business rules to the Deed in Lieu Complete event: 1. Total eligible indebtedness must not be within one dollar of the servicer reported net value and 2. Total eligible indebtedness must be greater than UPB.
CQ 12382 – Changes the property state default value in the Transfer Loan feature in the Servicer Web Portal to “Select One” with a dropdown of all states. Also adds an error message when a field does not match the VA required matching criteria.
Source: VA