The VA Annual Lender Conference was held in San Antonio on Oct. 22nd & 23rd. Speakers from VA offices throughout the country were on hand to provide the latest informaiton on what’s happening at VA and what’s in the works for the future of VA.

VA is continuing to automate nearly every part of their lending operations. This will continue to help speed up Certificate of Eligibility requests, verifying veterans disabilities, and validating your current loan status for VA refinance loans.

EEMs were a big subject. VA now allows Energy Efficient Mortgages greater than $6,000. EEMs are VA loans to purchase or refinace existing home that include funds to install energy efficient improvements. EEM’s over $6,000 must be supported by an equal increase in value to be eligible. Our lenders currently limit EEMs to $6,000. The next step is to get our lenders on board with this new increased amount over $6,000.

Well, that’s about it from the VA Lender Conference.