New VTB Template

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. Fees Charged Total- Box A Fees
    1. NO $ Sign or words (exempt, N/A, etc.)
    2. Should include UW and Processing Fees
  21. Lender Paid/Borrower Paid (LP/BP)
    1. ONLY LP or BP
  22. 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
  23. Discount Fee ($ Amount)
  24. Lender of Record
  25. Application Date (MM/DD/YYYY)
    1. Date which triggered full disclosure
  26. Closed Date (MM/DD/YYYY)
    1. Closed and funded
  27. New Construction?
    1. ONLY Yes or No
  28. Any Extensions Require?
    1. ONLY Yes or No
  29. If “Yes” on extensions, what were the reasons?
  30. Tide Water Invoked?
    1. ONLY Yes or No
  31. If Tide Water Increased Value- How much?- If no Tide Water- Leave Blank
    1. NO $ Sign
  32. 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
  33. Any special circumstances dealt with?
  34. Was this a Vetted VA sourced borrower?
    1. ONLY Yes or No

The Veteran Tangible Benefit (VTB) form is a self-reported form.  Vetted LOs are required to report on closed VA Loans within 30 days of the closure.  Responses are recorded and compiled to create accountability, help us mark current market trends by area, and look for performance outliers.  Responses are reviewed by Vetted VA leadership and any update/follow up questions will be sent directly to the LO.

Please make sure to not submit any NPI and protected data about the borrower.