“Through an internal quality improvement effort, VA has put a plan in place to better inform Veterans through key communications when the law allows VA to waive the fee for a Veteran,” said VA Secretary Robert Wilkie.
VA also modified the “home loan welcome” letter to make sure Veterans know they may qualify for a loan fee waiver, should they later obtain a VA disability compensation award.
Historically, VA tasked lenders with verifying the “exempt” status of Veteran homebuyers and the department would identify waiver cases using its own internal loan audit process or by relying on Veterans contacting VA directly. Further internal procedural changes will provide a more regular review of program data and VA will soon issue policy and procedural changes to ensure a Veteran’s up-to-date status for the fee waiver is correctly identified.
A major issue under review is how VA credits borrowers who, after loan closing, were awarded disability compensation with retroactive effective dates. The department is working to determine how far VA can go to provide relief, given the current restrictions of applicable laws.
VA’s ongoing quality review looked at millions of loans dating back to 1998 originations. Since the initiative is ongoing, VA has not totaled how many borrowers might be helped by the new efforts. VA notes that it routinely returns funding fees when appropriate. Since 2014, the department has provided an average total of $75-$100 million to roughly 5,000 Veterans each year.
President Trump signs executive order to empower Veterans and end Veterans suicide
VA will co-chair task force focused on a holistic, public health approach to suicide prevention and engagement with Veterans’ local communities
WASHINGTON — Today President Donald J. Trump signed an executive order titled “National Initiative to Empower Veterans and End Veterans Suicide,” which focuses on improving the quality of life for America’s Veterans and ending the tragedy of Veteran suicide.
VA to make new nasal spray drug available for treatment-resistant depression
WASHINGTON — Today the U.S. Department of Veterans Affairs (VA) announced its health care providers will now be able to offer the newly approved Spravato nasal spray for treatment-resistant depression.
Precision health initiative brings genetic testing to Veterans
VA and Sanford Health join forces to provide free screenings, improve patient care for cancer survivors
WASHINGTON — Today the U.S. Department of Veterans Affairs (VA) announced that, as part of an innovative partnership, VA and Sanford Health, one of the nation’s largest nonprofit health care systems, will soon provide free genetic testing to some Veterans cared for by VA.