caivrs: What is a CAIVRS Report and Can It Cause My FHA Loan to be Denied?
- 07/16/12 06:40 AM
In short a CAIVRS Report is a report to see if you ever defaulted on any previous government loans. CAIVRS stands for Credit Alert Verification Report System. You must have a clear CAIVRS Report to get a new government loan, such as a FHA, VA or USDA Loan. This report will show if you have defaulted on any past Government Mortgages or even Government Student loans such as Sallie Mae Student loans. This report is pulled when you loan is getting ready for or in underwriting. If you do not pass the CAIVRS Report you must address the account that … (0 comments)
In short a CAIVRS Report is a report to see if you ever defaulted on any previous government loans. CAIVRS stands for Credit Alert Verification Report System. You must have a clear CAIVRS Report to get a new government loan, such as a FHA, VA or USDA Loan. This report will show if you have defaulted on any past Government Mortgages or even Government Student loans such as Sallie Mae Student loans. This report is pulled when you loan is getting ready for or in underwriting. 
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