Lender Survey

E Loan Guaranty Service 2007 Lender Survey xperience (M&L Industry & VA)
1				Did your company close at least twenty-five VA Home Loans in the past 12 months? (MARK only one)
				Yes No
2				Do you work for: (MARK only one)
				A headquarters/corporate Office A branch Office
3				Approximately, how many VA loans did your company close in the past 12 months? (MARK only one)
				25 to 50 51 to 150 151 to 500 501 to 1000 More than 1000
4				What is your primary job responsibility? (MARK only one)
				Loan originator Processor Office manager Quality control personnel Upper/middle management Broker/agent Insurance or guaranty personnel Other
5				How long has your company been in the mortgage industry? (MARK only one)
				Less than 1 year 1 to 3 years 3 to 5 years 5 to 10 years 10 to 15 years
Contact & Customer Satisfaction with VA
6			Which Regional Loan Center has your company dealt with most frequently over the past 12 months (your primary Regional Loan Center)? (MARK only one)
			<Use pull down list> Atlanta, GA Cleveland, OH Denver, CO Honolulu, HI Houston, TX Manchester, NH Phoenix, AZ Roanoke, VA St. Paul, MN St. Petersburg, FL
7			Has your company contacted VA personnel at this Regional Loan Center in the past 12 months? (MARK only one)
			Yes No
8			Why did you contact them? (Mark all that apply)
			To order an appraisal I had a problem with an appraisal I had problems related to the loan number I had underwriting questions I had general loan processing questions I had questions on the funding fee I had a question with a Loan Guaranty computer application (e.g., TAS, WebLGY, the Funding Fee System) I needed help with the Loan Guaranty Certificate Other
9			What was the primary method you used to contact VA during the last 12 months? (MARK only one)
			Phone Fax Email Letter
10			How responsive was VA to your contact through this method? (MARK only one)
			Very responsive Somewhat responsive Neither responsive nor unresponsive Somewhat unresponsive Very unresponsive
11			How satisfied are you with the professionalism of VA personnel? (MARK only one)
			Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
12			How knowledgeable do you feel VA staff is with respect to the laws and regulations governing the VA Loan Guaranty Program? (MARK only one)
			Very knowledgeable Somewhat knowledgeable Neither knowledgeable nor unknowledgeable Somewhat unknowledgeable Very unknowledgeable
13			What is the best way for this Regional Loan Center to communicate to you changes in its policies or procedures? (MARK only one)
			Phone Fax Email Letter Website
14			Overall, how satisfied are you with your experiences contacting VA personnel at this Regional Loan Center? (MARK only one)
			Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
Awareness
15a 15b 15c			How do you usually get information on VA policies and procedures? (List top 3 in order of frequency of use)
			_________________________________________ _________________________________________ _________________________________________ Telephone VA E-mail VA Fax VA Walk-in to VA Access VA Web site Access to another Web site Access Lender Handbook AllRegs Attend VA-sponsored training session
16			Looking back, how much of what you needed to know did you get from this source? (MARK only one)
			All Most Some Little None
17			In general, how satisfied are you with the amount of time required to obtain information from VA? (MARK only one)
			Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
18			How satisfied are you with the clarity of the information provided by VA? (MARK only one)
			Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
19			Have you used the VA Home Loan Program web site in the last 12 months? (MARK only one)
			Yes No, I did not need to use it No, I did not know there was one
20			How helpful has the web site been in performing your job? (MARK only one)
			Very helpful Somewhat helpful Neither helpful nor unhelpful Somewhat unhelpful Very unhelpful
21			Have you used the Lender Handbook within the last 12 months? (MARK only one)
			Yes No, I did not need to use it No, I did not know there was one
22			How helpful has the Lender Handbook been in performing your job? (MARK only one)
			Very helpful Somewhat helpful Neither helpful nor unhelpful Somewhat unhelpful Very unhelpful
23			How could VA improve the Lender Handbook? (Mark all that apply)
			Timely updates Provide an easy-to-follow format Provide a sufficient amount of content Clarity of information provided Improve ease of navigation Include FAQs on the site
Training
24			Have you been to a VA-sponsored training session in the last 12 months? (MARK only one)
			Yes No
25			How many VA training sessions have you attended in the last 12 months? (MARK only one)
			None One Two to Three Three to Four Five or more
26			How effective was this training in preparing you to perform your job? (MARK only one)
			Very effective Somewhat effective Neither effective nor ineffective Somewhat ineffective Very ineffective
27			What type of VA training have you had? (Mark all that apply)
			LAPP/SAR New Underwriter General Program information and updates
28			How satisfied have you been with the quality of these training sessions? (MARK only one)
			Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
29			How satisfied are you with how often VA offers training sessions? (MARK only one)
			Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
30			Overall, how satisfied are you with the information and the informational resources (e.g., web site Lender Handbook) provided by VA? (MARK only one)
			Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
31			What would be the best way to provide you with training on the program? (MARK only one)
			VA-classroom training Company-sponsored training Print-media (pamphlets, fliers, booklets) On-line training (Internet, Web-based) Training videos Informational materials (e.g., handbook)
Outreach
32			Do you encourage your eligible veteran customers to use the VA home loan program? <If answer choice is 1 or 2, go to 33 and 34; if answer choice is 3 or 4 go to 37a>:
			Yes, I encourage all veterans looking for a home loan to use the VA home loan program (Go to Q33) Yes, encourage some veterans looking for a home to use the VA home loan program (Go to Q33) No, I generally try to encourage use of another loan program (e.g., FHA, conventional, subprime) (SKIP to Q37a) No, I never or mostly never encourage veterans to use the VA home loan program (SKIP to Q37a)
33			Currently, which VA materials do you use to market the VA home loan program?
			____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
34			In addition to these materials, what other resources could VA provide you?
			____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
35			Which program aspects are most attractive for drawing in eligible veterans to obtain a VA home loan? (MARK only one)
			VA Loan Program is offered only to U.S. veterans No down payment Program offers flexible credit underwriting standards No PMI Other: _______________________
36			In your opinion, how frequently do lenders misperceive the VA Loan Program? (MARK only one)
			Very frequently Frequently Sometimes Rarely [Skip to #39] Never [Skip to #39]
37a 37b 37c			In your opinion, what aspect(s) of the VA loan program discourages lenders and real estate professionals from recommending the program to their veteran customers? (List top 3 in order of significance)
			_________________________________________ _________________________________________ _________________________________________ Length of time it takes to obtain a loan Amount of paperwork (process is not streamlined) The VA Funding Fee VA residual income requirement (underwriting process) Availability of other market products VA's rotational appraiser assignment system (inability to self-select an appraiser) Ability to process loans electronically
38			In your opinion, what can VA do to alter these perceptions?
			____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
39			In your experience, what is the most frequent reason that a VA application does not reach closing?
			____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Eligibility Determination and LGYS Systems/IT Applications
40				Which of the VA Home Loan Program's systems does your firm use to process VA loans? (MARK ALL THAT APPLY)
				The Appraisal System (TAS) (SKIP to Q42a) WebLGY (SKIP to Q42b) E-Appraisals (SKIP to Q42c) Funding Fee System (SKIP to Q42d) None (GO to Q41)
41				IF NONE: Why don't you use the VA Home Loan Program's systems? (MARK only one)
				I was unaware they existed Other
42a 42b 42c 42d				(a) The Appraisal System (TAS) (b) WebLGY (c) E-Appraisals (d) Funding Fee System For each response marked: To what extent do you find this system (a,b,c,d) easy to use? (MARK only one)
				Very easy Easy Neither easy nor hard Hard Very hard
43a 43b 43c 43d				(a) The Appraisal System (TAS) (b) WebLGY (c) E-Appraisals (d) Funding Fee System For each response marked: How helpful has this system (a, b, c, d) been to you in performing your job? (MARK only one)
				Very helpful Somewhat helpful Neither helpful nor unhelpful Somewhat unhelpful Very unhelpful
44				How could this system be improved or enhanced? (MARK only one)
				System reports should be provided to lenders System downtime needs to be minimized Screen functionality needs to be improved
45				Compared to other, similar online government systems, (e.g. FHA, USDA), how EASY are the VA Home Loan Program's systems to use? (MARK only one)
				LGY Systems are superior to similar government systems LGY systems are much better than similar government systems LGY Systems are the same as other similar government systems LGY Systems are somewhat worse than other similar government systems LGY systems are far worse than other similar government systems
46				Compared to other similar online government systems (e.g. FHA, USDA), how FUNCTIONAL are the VA Home Loan Program's systems? (MARK only one)
				LGY Systems are superior to similar government systems LGY systems are much better than similar government systems LGY Systems are the same as other similar government systems LGY Systems are somewhat worse than other similar government systems LGY systems are far worse than other similar government systems
47				Overall, how satisfied are you with the VA Home Loan Program's online systems? (MARK only one)
				Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
48				Do you use WebLGY to obtain Certificates of Eligibility (COEs)? (MARK only one)
				Yes (SKIP to Q50) No (GO to Q49)
49				IF 'NO' on Q48 THEN: Why do you not use WebLGY to obtain COEs? (MARK only one)
				I wasn't aware of the system I tried to use the system but it was not user-friendly I tried to use the system but it was 'down' I knew the system existed, but I never tried to use it
50				In obtaining a COE, have you ever interacted with the Eligibility Center (located in Winston-Salem, NC)? (MARK only one)
				Yes (GO to Q51) No (SKIP to Q52) Don’t know (SKIP to Q52)
51				IF 'YES' on Q50 THEN: Please rate your overall satisfaction with that interaction. (MARK only one)
				Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
52				How long does it typically take for you to receive a Certificate of Eligibility? (MARK only one)
				Immediately upon request, or the same business day 1-6 Business Days 7-10 Business Days More than 10 Business Days
53				How reasonable is the length of time it typically takes for you to receive a Certificate of Eligibility? (MARK only one)
				Very reasonable Reasonable Neither reasonable Nor unreasonable Not reasonable Very unreasonable
54				In your opinion, how long should it typically take to receive a Certificate of Eligibility? (MARK only one)
				Immediately upon request, or the same business day 1-6 Business days 7-10 Business days More than 10 Business days
Appraisal Process
55				How satisfied have you been with the timeliness of VA appraisers? (MARK only one)
				Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
56				How satisfied have you been with the courtesy and professionalism of VA appraisers? (MARK only one)
				Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
57				How satisfied have you been with the quality of work of VA appraisers? (MARK only one)
				Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
58				Does your company participate in the Lender Appraisal Processing Program (LAPP)? (MARK only one)
				Yes No
59				Overall, how satisfied are you with the process of completing a VA home loan? (MARK only one)
				Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
60				Overall, how satisfied are you with the VA Loan Guaranty Program? (Please evaluate the Regional Loan Center that you deal with most frequently.) (MARK only one)
				Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
61				Would you recommend this program to veterans in the market for a home? (MARK only one)
				Yes No
62				Other than the City, State Office you contact most often (your selection in question #6), have you contacted other Regional Loan Centers in the past 12 months? (MARK only one)
				Yes No
63				In your interaction with different VA offices, do you feel that the offices consistently interpret VA policy and procedures? (MARK only one)
				Yes, they are always consistent Yes, they are usually consistent Sometimes they are consistent No, they are rarely consistent No, they are never consistent
64a 64b 64c 64d 64e 64f 64g 64h 64i 64j				Please rate your overall satisfaction with the quality of service you received when contacting each non-primary Regional Loan Center?
				<Rate each Regional Loan Center office> Atlanta, GA Cleveland, OH Denver, CO Honolulu, HI Houston, TX Manchester, NH Phoenix, AZ Roanoke, VA St. Paul, MN St. Petersburg, FL Very satisfied Somewhat satisfied Neither satisfied nor dissatisfied Somewhat dissatisfied Very dissatisfied
65				Do you have any additional comments concerning how VA could improve its Loan Guaranty Program? If your comments apply to individual Regional Loan Centers, please be sure to identify the offices. (To maintain confidentiality, please do not include your name, address, affiliation, or any other identifying information)
				________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

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