We are thrilled to announce that WaterfallCalc is ready for the VASP program. VA released updated loss mitigation protocols which has been detailed in Chapter 5 and 9 of the Servicing Guide. The key highlight of Chapter 9 is a program called the VA Servicing Purchase Program (VASP). The VASP is an innovative program that allows VA to purchase loans directly from servicers for eligible veterans, taking on servicing responsibilities to ensure veterans remain in their homes.
The VASP must be implemented by October 1, 2024. Be ahead of the deadline and use WaterfallCalc to assist your borrowers. Don’t miss this opportunity to enhance your servicing strategies and better support our veterans.
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