Overview
In This Section |
This section contains the following topics:
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1. Loan Guaranty Service Responsibilities
Introduction |
This topic contains information on the responsibilities of the Regional Loan Center (RLC) for handling VA pension-related home loans, including
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Change Date |
December 7, 2018
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IX.i.5.B.1.b. Sending the Veteran’s Income and Net Worth Information to the PMC for Review |
After receiving a Department of Veterans Affairs (VA) pension-related home loan application, the RLC faxes documentation containing the Veteran and co-borrower(s)’ income and net worth information to the Pension Management Center (PMC) of jurisdiction for review.
The RLC uses an overprinted OF-41, Routing and Transmittal Slip, as a fax cover sheet. The overprint also provides the name and phone number of the person to contact with questions on the referred materials.
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IX.i.5.B.1.c. Examples of Information the RLC May Send the PMC for Review |
Examples of information sent by the RLC for review to the PMC include verification of
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2. PMC Responsibilities
Introduction |
This topic contains information on the responsibilities of the PMC for the review and development of VA pension-related home loans, including
|
Change Date |
December 7, 2018
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IX.i.5.B.2.a. PMC Action and Response Based on RLC Income and Net Worth Information |
The table below describes the process of reviewing the Veteran’s income and net worth information following receipt of this information from the RLC.
Important: Further action on the pension-related home loan application is deferred pending a response from the PMC. If the PMC is unable to respond within a few days, it must e-mail or telephone the RLC point of contact to provide the reason for the delay.
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IX.i.5.B.2.b. EP Credit Based on PMC Reviews of RLC Information |
Clear end product (EP) 400 after responding to RLC requests for information of record.
If adjustment to a pension award is necessary because of the income and net worth information, process the adjustment under EP 150 and, when appropriate, EP 600.
Reference: For more information on EP requirements, see M21-4, Apendix B.
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Change-June-16-2015-Transmittal-Sheet-M21-1IX_i_5_SecB_TS.docx | May 19, 2019 | 39 KB |
Historical_M21-1IX_i_5_SecB_6-16-15.doc | May 19, 2019 | 98 KB |
12-7-18_Key-Changes_M21-1IX_i_5_SecB.docx | May 19, 2019 | 45 KB |
Transmittal-M21-1MRIX_i_5_TS.doc | May 19, 2019 | 59 KB |
in Chapter 5 Loan Guaranty Benefits, Part IX Ancillary and Special Benefits, Subpart i Ancillary Benefits
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