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Government Shutdown May Impact Your LoansDear Licensed Partner, As you may be aware, the federal government budget expired on Monday, September 30th, 2013. Unless a new budget is approved or Congress enacts a short-term continuing resolution to fund government operations, certain “non-essential” government programs will be impacted and unable to operate until the budget issue is resolved.
The following services that your loans may require are impacted and could result in a delay in the closing of your loans:
• FHA Connection (Case Assignment, Appraisal Logging, CAIVRS)
• SSN Verification • VA Portal (Case Assignment, Appraisal Orders, Issue of Certificate of Eligibility) • USDA Conditional Commitment • 4506 IRS Transcripts • Other Verifications (SAM Verification, LDP/GSA, Employment Verification for Government Employees) While we cannot predict the delay in processing times by various agencies, Sun West is closely monitoring the situation and will keep you regularly informed about the progress on your loans. Sun West will make every reasonable effort to close your loans at the earliest possible opportunity. Sincerely,
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