SFH Guaranteed Origination
March 19, 2024
Guaranteed Underwriting System (GUS) to Retire Systematic Alien Verification for Entitlements (SAVE) Interface
On Monday, April 1, 2024, the Guaranteed Underwriting System (GUS) will retire its current integration with the Systematic Alien Verification for Entitlements (SAVE) system. Lenders will no longer be prompted to enter data into the “Immigration/Naturalization Check” section of the GUS Additional Data page for non-U.S. citizen applicants. Existing/historical data completed in this section, prior to the implementation, will remain available in read-only format.
The GUS Underwriting Findings Report will trigger a new message following a successful preliminary/final underwriting submission (that includes a non-U.S. citizen applicant) which reads:
“70013 – Immigration Status: Borrower [Doe, John] is not a US citizen. Documentation verifying the borrower has acceptable immigration status, as described in Chapter 8, Section 8.2F of HB-1-3555, must be maintained in the lender’s permanent loan file.”
Applicants are required to have a valid social security number and evidence of continued residency and income. The approved lender remains responsible for collecting all necessary documents needed to validate eligibility. By submitting the request for a Conditional Commitment to the Agency, the lender represents and warrants that the applicant is legally present in the United States and meets the eligibility requirements of the Single-Family Housing Guaranteed Loan Program.
The corresponding revisions to Chapter 8 of HB-1-3555 can be viewed on the Loan Origination page of the USDA LINC Training and Resource Library under the subheading “New”. These revisions will become effective with the GUS changes on April 1, 2024.
Thank you for supporting the Single-Family Housing Guaranteed Loan Program!
|
