VA Forms Updates
Newrez LLC "Newrez" Approved Correspondent Clients; effective with new loan applications on and after April 1, 2023:
VA Form 26-6393 – Loan Analysis has been updated with additional information on lines 45 through 52 that is intended to capture information used in determining the borrower’s ability to qualify for a VA home loan and should be completed for all loans that require use of this form.
- For Non-Supervised Lenders with Automatic Authority, Lenders are reminded that VA home loans to be closed on the non-supervised automatic basis must be reviewed and decided by a VA-approved underwriter.
- If a lender uses an Automated Underwriting System to assist in the processing of a loan, the underwriter’s signature is not required on the VA Form 26-6393, but a VA-approved underwriter must still determine whether or not to approve the loan. For all home loans, the VA underwriter ID number for the approving underwriter should be entered in box 52 of the new form.
VA Form 26-1820 – Report and Certification of Loan Disbursement has been revised and is used to report a loan to VA for guaranty upon closing. Lenders must complete the form on every VA guaranteed, or insured loan.
VA Form 26-1802a will no longer be required with the use of the new VA Form 26-1820. Lenders are reminded that VA Form 26-1820 should be fully completed and executed by the borrower, and co-borrower (if applicable) at the time of loan closing.
Link to the new forms