Published 08/10/2012 01:53 PM |
Updated 08/10/2012 01:53 PM
Will we have to provide documentation of the Confirmation of Sale from the Courts as we do now? Will the VA still require the Servicer to send in the Deed In Lieu documents executed by the homeowner?
No, in the new environment the servicer is required to submit the Transfer of Custody event electronically, but retain all supporting documentation for at least 3 years for possible selection of a post audit.