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Is there a requirement on the Servicing Transfer (receiving servicer) event in VALERI?

Published 08/08/2012 02:58 PM   |    Updated 08/09/2012 01:09 PM

Is there a requirement on the Servicing Transfer (receiving servicer) event that the prior servicer already be reporting the loan in VALERI?

VA does not penalize the receiving servicer if the transferring servicer does not report the Servicing Transfer (transferring servicer) event. However, the receiving servicer must report the Servicing Transfer (receiving servicer) and Electronic Default Notification events prior to reporting any other delinquent loan events to VA.