Loan Guaranty Monitoring Unit
The mission of the Loan Guaranty Monitoring Unit is to protect the interests of the Government and the veterans we serve by ensuring that program participants process and close VA home loans in accordance with the law, regulations, and program directives.
The VA Loan Guaranty Monitoring Unit was created in 1989 to perform oversight of VA lender operations through a program of performance audits. Lender audits are performed both onsite at lenders' offices and at the Monitoring Unit's office in Nashville, Tennessee. The audits include a review of loans to determine that the lender met VA requirements in the appraisal and valuation of property as well as the processing, underwriting, and closing of the home loan. Although the Unit has a current staff of 15 employees, it has performed approximately 1,500 lender audits since its inception.
The results of Monitoring Unit audits include: