Agency Information Collection Activity Under OMB Review: Nonsupervised Lender's Nomination and Recommendation of Credit Underwriter

The Veterans Benefits Administration (VBA), a division of the U.S. Department of Veterans Affairs, has announced its intent to submit an information collection request to the Office of Management and Budget (OMB) for review, as required under the Paperwork Reduction Act (PRA) of 1995. The collection pertains to the process by which nonsupervised lenders — those not subject to oversight by a federal banking regulator — nominate and recommend individuals to serve as credit underwriters for VA-backed loan programs. The submission outlines the nature, scope, and purpose of the data being collected, along with estimates of the expected cost and administrative burden placed on respondents. The actual data collection instrument (i.e., the form or questionnaire used) is included as part of the OMB submission package. This notice is part of a routine compliance process under the PRA, which requires federal agencies to seek public comment and OMB approval before collecting information from the public. The public and affected stakeholders have an opportunity to submit comments to OMB regarding the necessity, accuracy, and burden of the proposed information collection. The underlying policy context involves VA's Home Loan Guaranty program, under which nonsupervised lenders must meet specific standards — including having qualified credit underwriters — to originate VA-guaranteed loans. This collection ensures those lenders can formally nominate and recommend underwriters who meet VA's competency requirements.

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