Lender VTB How To

  1. Date format MM/DD/YYYY
  2. First and Last name
  3. NMLS ID
  4. Your E-mail
  5. Current Vetted VA Rank
    1. VVA#
  6. Designated Squad
  7. Brokerage
  8. Brokerage NMLS
  9. Loan Purpose- CHOOSE ONE OF THE FOLLOWING
    1. Purchase
    2. IRRRL
    3. Type 1 C/O Refi
    4. Type 2 C/O Refi
  10. Property Type- CHOOSE ONE OF THE FOLLOWING
    1. SFR
    2. Multi Unit
    3. Attached/Townhome
    4. Condo
    5. Manufactured
  11. Occupancy Type- CHOOSE ONE OF THE FOLLOWING
    1. OO
    2. NOO
  12. Property Zip Code- 5 digit Zip
  13. Loan Amount Base
    1. NO $ Sign
  14. Funding Fee Amount
    1. NO $ Sign or words (exempt, ex, etc.)
    2. If Veteran is exempt either use 0 or leave it blank
  15. Appraised Value
    1. NO $ Sign or words (exempt, N/A, etc.)
    2. If no appraisal is done- leave it blank
  16. File LTV
    1. NO % Sign- EX: 90.25% would be entered as 90.25
  17. Ending DTI
    1. ONLY enter back end DTI
    2. NO % Sign- EX: 33.25% would be entered as 33.25
  18. Primary Borrower Fico
    1. NO text.
  19. Loan Interest Rate
    1. NO % Sign- EX: 3.25% would be entered as 3.25
  20. APR
    1. NO % Sign- EX: 3.25% would be entered as 3.25
  21. Fees Charged Total- Box A Fees
    1. NO $ Sign or words (exempt, N/A, etc.)
    2. Should include UW and Processing Fees
  22. Compensation – Lender Paid/Borrower Paid (LP/BP)
    1. ONLY LP or BP
  23. Lender Credit Amount
    1. NO $ Sign or words (exempt, N/A, etc.)
    2. If no credit was given either use 0 or leave it blank
  24. Discount Fee ($ Amount)
  25. Lender of Record
  26. Application Date (MM/DD/YYYY)
    1. Date which triggered full disclosure
  27. Closed Date (MM/DD/YYYY)
    1. Closed and funded
  28. New Construction?
    1. ONLY Yes or No
  29. Any Extensions Require?
    1. ONLY Yes or No
  30. If “Yes” on extensions, what were the reasons?
  31. Tide Water Invoked?
    1. ONLY Yes or No
  32. If Tide Water Increased Value- How much?- If no Tide Water- Leave Blank
    1. NO $ Sign
  33. Final Result of Tide Water?- CHOOSE ONE OF THE FOLLOWING
    1. NOV at purchase price
    2. Sellers lowered purchase price
    3. Buyers brought cash to closing
    4. Combination of lowering price/bringing cash
    5. Successful ROV
  34. Any special circumstances dealt with?
  35. Was this a Vetted VA sourced borrower?
    1. ONLY Yes or No

LO VTB with Dropdown

LO VTB Template