Chicago, IL (PRWEB) June 17, 2013
The Federal Savings Bank regrets to inform readers that despite Senator Kay Hagan’s recent reassurances that progress is being created addressing the Veterans Affairs claims backlog, a slew of VA house loan files were accidentally deleted.

The Under Secretary for Advantages will be going to Hagan’s office to address the veteran claims backlog there, as well as identify achievable options to expedite the procedure.

“More than 7,000 veterans have been waiting at least a year at our Winston-Salem office to have their disability claims ruled on,” stated Hagan. “And more than 700 veterans have actually been waiting more than two years to have their claims handled.”

Although Hagan received a direct response from the Secretary of Veterans Affairs, she stated she nevertheless would like a detailed strategy of action that will see to it that that backlog issue is alleviated.

Accidental step backwards
According to the Federal Times on June ten, 2013, an estimated 464,000 house loan applications and grant documents had been accidentally deleted by a VA database administrator at the Cleveland VA regional office.

Of the more than 1.1 million veterans in Ohio, those that qualify for eligibility in the Specially Adapted Housing grant program will be impacted. The program assists disabled veterans in locating living arrangements that can accommodate their distinct disability.

“We hope that now the VA realizes the information has been lost, they will jump on it and not only fix the difficulty but also function with the folks impacted to aid expedite their applications,” Gerald Manar, deputy director of national veterans service at the Veterans of Foreign Wars, told the Federal Occasions.

Although it is unclear how the loss of data will influence processing time, or for how lengthy, Manar suspects there will be huge delays for numerous veterans who submitted loan applications. The news does not come at a excellent time for the VA. The existing rewards claims backlog is about 860,000 – getting enhanced by two,000 % in the final 4 years – with most veterans waiting about 320 days prior to receiving compensation.
To address the extent of the issue, the VA not too long ago enacted an overtime strategy to aid crunch the information and speed up the processing of claims.

“Our primary goal in addressing this concern is to make certain that impacted veterans and service members are in a position to close their loan in a affordable quantity of time,” mentioned Jo Schuda, VA spokesperson. “VA reached out to lenders, appraisers and employees appraisal reviewers to request them to re-upload appraisals for pending closings VA’s leading lenders (who produce over 70 percent of our volume) noted that the impact on closings, if any, was in between 1 and three days.”

For far more news or information on veteran grants or loans folks speak to a banker at The Federal Savings Bank.