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2023-KC-0001-001-B
Status
Open
Date Issued
December 05, 2022
OIG Component Office
Audit
Ensure that all necessary information regarding terminated VA loans is included in the matching process.
Program Office
Government National Mortgage Association
Questioned Costs
$0.00
Better Funds Use
$0.00
Publication Report Number
2023-KC-0001

Related Recommendations

Recomendation Status Date Issued Summary
2023-KC-0001-001-A Closed December 05, 2022 Update and synchronize the SOP and the matching procedure. The updates should include notifications that provide issuers with unmatched loans adequate time to take corrective action to comply with the requirements of the MBS Guide to put $903 million to better use by ensuring that the appropriate agency insurance or guarantee is in place.