VA asks for help with VALERI
Responses due Jan. 21
- By Matthew Weigelt
- Jan 09, 2014
The Veterans Affairs Department wants IT and management support for its web-enabled, interactive system known as the Veterans Affairs Loan Electronic Reporting Interface.
VALERI connects the VA and mortgage companies. It makes it easier for companies to tell the VA about loan issues, like defaults, foreclosures and claim payments. It allows the VA to intervene on the veteran’s behalf, when necessary.
VA officials are querying the market about help with program management, interfacing with VALERI to support data exchanges and financial transactions, analysis of the program, and training of employees at the VA and mortgage companies on how to use VALERI, according to a request for information, released Jan. 8.
Currently, VALERI assists VA in managing over 3 million VA loans. The system could manage more than 12 million loans by fiscal 2019.
Responses are due Jan. 21.
Matthew Weigelt is a former FCW senior writer who covered acquisition and procurement.