CREDIT ALERT VERIFICATION REPORTING SYSTEM (CAIVRS)
CAIVRS is a Federal government wide repository to file and report delinquent and/or defaultedclaims on individuals that were paid on their behalf.
CAIVRS may return the following results:
• A: Approved by CAIVRS (no issues exist)
• B: Multiple cases from one or more Federal agencies
• C: Claim filed
• D: Default on loan
• F: Foreclosure of loan
• J: Judgment filed
An “A” response is the only acceptable result for an applicant to be eligible for a guaranteed
loan.
• GUS will automatically retrieve the CAIVRS response for each applicant when the Borrower
Information application page is saved. If the automatically retrieved CAIVRS response is not
an “A” response, the lender must obtain evidence of an “A” CAIVRS response outside of
GUS.
This documentation must be uploaded as part of a complete loan application
submission of the GUS application to USDA.
submission of the GUS application to USDA.
The CAIVRS response cannot be overwritten or revised within GUS. USDA will retrieve and confirm an “A” CAIVRS response when the
loan file is processed in the Agency’s internal Guaranteed Loan System (GLS).
loan file is processed in the Agency’s internal Guaranteed Loan System (GLS).
• If the CAIVRS system is unavailable at the time the lender initially completes the Borrower
Information Application page, the user may manually retrieve the CAIVRS response by
accessing the GUS Assets and Liabilities Page, under the CAIVRS Information section.
Lenders can select the HUD CAIVRS hyperlink to access the CAIVRS website directly. The
CAIVRS number retrieved in this manner must be manually entered into the applicable
CAIVRS Number block.
• Lenders must obtain and document an eligible CAIVRS response and include this evidence in
a complete loan submission to USDA.
CAIVRS is not the only source to report a delinquent Federal debt. A delinquent Federal debt
identified on the credit report, public records, or equivalent, must be investigated by the lender to
determine if the debt is valid, paid in full, or the creditor has issued a release of liability. An
applicant with a delinquent non-tax Federal debt is ineligible for a guaranteed loan.
Joel Lobb (NMLS#57916)
Senior Loan Officer
text or call 502-905-3708 cell
kentuckyloan@gmail.com
http://www.
Senior Loan Officer
text or call 502-905-3708 cell
kentuckyloan@gmail.com
http://www.
This web site is not the FHA, VA, USDA, HUD or any other government organization responsible for managing, insuring, regulating or issuing residential mortgage loans.
All approvals and rates are not guaranteed, and are only issued based on standard mortgage qualifying guidelines
Remember, we are even available this weekend for pre-qualifications or questions. Call our cell phone or email us. If you miss us, leave a message and we WILL call you back
--
Joel Lobb
Mortgage Loan Officer
Mortgage Loan Officer
Individual NMLS ID #57916
American Mortgage Solutions, Inc.
10602 Timberwood Circle
Louisville, KY 40223
Company NMLS ID #1364
Text/call: 502-905-3708
email: kentuckyloan@gmail.com
email: kentuckyloan@gmail.com
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