review process. During this process, CO staff will review during CO’s submitted materials for consistency with applicable laws, regulations, policy, and guidance. Once the communication request has been approved by RLC’s CO, an LGY CO POC will contact the POC to confirm the publication RLC’s date and publish the communication via GovDelivery. GovDelivery is communication platform. Adding new LGY’s current subscribers to GovDelivery is straightforward and the platform offers the opportunity to easily facilitate the dissemination of information to external stakeholders. Exhibit A provides detailed information about the usage of GovDelivery. 2. Regional Loan Center Training of Loan Production Employees Change Date May 23, 2017, Change 5 This section has been updated in its entirety. Training is required to ensure appropriate decisions are made in administering a. Why is Training the VA Home Loan program, and to help reduce program losses by providing employees with the tools to make informed and proper decisions. All Required? employees involved in credit underwriting must undergo training at least once annually. Personnel who: b. Who is Required to Underwrite loan applications, Receive Process loan guaranty requests, Training? Complete full file loan reviews, Process release of liability/substitution of entitlement requests, Conduct lender training, Process certificate of eligibility applications, or Provide direct benefits to Veterans. Newly assigned personnel must receive training by senior staff on all aspects c. What Abilities Must of credit underwriting prior to making credit underwriting decisions. a Loan To be qualified as a fully-trained Loan Specialist, a VA employee must have Specialist/ Underwriter the following:
during CO’s review process. During this process, CO staff will review submitted materials for consistency with applicable laws, regulations, policy, and guidance. Once the RLC’s communication request has been approved by CO, an LGY CO POC will contact the RLC’s POC to confirm the publication date and publish the communication via GovDelivery. GovDelivery is LGY’s current communication platform. Adding new subscribers to GovDelivery is straightforward and the platform offers the opportunity to easily facilitate the dissemination of information to external stakeholders. Exhibit A provides detailed information about the usage of GovDelivery. 2. Regional Loan Center Training of Loan Production Employees Change Date May 23, 2017, Change 5 This section has been updated in its entirety. a. Why is Training Required? Training is required to ensure appropriate decisions are made in administering the VA Home Loan program, and to help reduce program losses by providing employees with the tools to make informed and proper decisions. All employees involved in credit underwriting must undergo training at least once annually. b. Who is Required to Receive Training? Personnel who: Underwrite loan applications, Process loan guaranty requests, Complete full file loan reviews, Process release of liability/substitution of entitlement requests, Conduct lender training, Process certificate of eligibility applications, or Provide direct benefits to Veterans. c. What Abilities Must a Loan Specialist/ Underwriter Newly assigned personnel must receive training by senior staff on all aspects of credit underwriting prior to making credit underwriting decisions. To be qualified as a fully-trained Loan Specialist, a VA employee must have the following: