Bulletin 2023-057 Underwriting Guideline Updates – VA
Newrez LLC "Newrez" Approved Correspondent Clients; effective immediately, unless otherwise noted, for all loans in pipeline, the topics contained in this announcement have been updated in the Conventional VA Underwriting Guides.
Please use this announcement as guidance until all applicable underwriting guides are published.
Government Underwriting Updates
VA Update
Updates include:
- Any material inquiry within the last 90 days requires a letter of explanation unless AUS identifies as not required.
Complete guidelines can be found in the VA Underwriting Guide, Chapter 3F, Credit, 3F.5 Inquiries and Undisclosed Liabilities