Servicer Reporting Requirements

• 2007-06-06 VALERI Reporting Intro
• 2008-10-16 VALERI Reporting Requirements - Posted 10/16/2008
• 2008-12-15 Servicing Systems Interface - *Posted 12/15/2008

*VA is updating the servicing system interface specification (daily change file) to include the transfer of custody date and the redemption expiration date.  This will mean that servicers will no longer have to manually key enter in the "transfer of custody" event on the Servicer Web Portal (SWP) as this event will be provided as part of the daily file.  We will phase in the implementation of these two new data elements starting with the first group reporting them as part of their daily file on February 1st, 2009. From that point forward, we will bring up new servicers the first of every month.  The last date to comply with this reporting requirement will be May 1st, 2009. We ask that you email the VALERI helpdesk when you choose which group you choose.

Document Library for Servicers Live in VALERI

*If you transfer custody of a property to VA, you have 60 days from the date of the liquidation sale to submit title documents to VA.  In some cases, due to redemption periods, confirmation hearings after sales, and/or delays in recorders' offices, other timeframes after the sale will apply for submission of title documents.  Click on Title Document Timeframes to view these other timeframes.

Circulars

• Circular 26-08-8 - Loan Modifications Under VALERI - Posted 6/16/2008
• Circular 26-08-3 - Processing Transfers of Ownership Under VALERI - Posted 2/8/2008
• Circular 26-08-1 - Allowable Attorney Fees, Claim Time Limits, and New Liquidation Appraisal Review Authority - Posted 3/7/2008

Servicers Joining VALERI After 11/2008

Contact Information

• BAC Home Loans Contact Information - Updated 6/8/2009
• ALAC Remittance Address for Bills of Collection - Posted 2/19/2008
• Bill of Collection Notice - Posted 6/26/2008

Frequently Asked Questions

• VALERI Frequently Asked Questions (FAQs) - Posted 7/15/2008