ToFromCredit PolicyDate021121Memo 21023 SubjectVVOEForm Update and COVID Reminderfor SelfAs a reminderthe existence of a business alone does not represent sufficient information to support the tempo ID: 893616
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1 To: All Customers From: Credit Pol
To: All Customers From: Credit Policy Date: 02/11/21 Memo #: 21023 Subject : VVOEForm Update and COVID Reminderfor Self As a reminderthe existence of a business alone does not represent sufficient information to support the temporary guidelines which require validation the business is open and operational.ACCEPTABLE DOCUMENTATION TO VERIFY BUSINESS IS OPEN AND OPERATIONThe following methods may NACCEPTABLE DOCUMENTATION TO VERIFY BUSINESS IS OPEN AND OPERATIONALAt this time, the below documentarenot considered acceptable for use as they do not support the business is
2 operationalBusiness license(e.g. individ
operationalBusiness license(e.g. individual or company business license)Business listing without verbal confirmation the business is open.CPA verification, unless the CPA letter indicates the person is part of the day to day operationsThe presence of a business websitealone is not acceptableIn order to be considered acceptable, as stated above, the documentation from the website mustshow current online scheduling of services and/or appointmentsPlease refer to the Temporary COVIDGuidelinesfor complete details. ADDITIONAL RESOURCES Fannie Mae: Freddie Mac: Bulletin 2020Bulletin 2020FHA Mortgage Letter: ML 2020