Overview
The Verification of Assets (VOA) and Asset Analysis order process provides fast, accurate results while delivering Rep and Warrant (R&W) relief. This application digitizes and automates key steps in the asset verification workflow, streamlining the review process and driving efficiencies for your operations.
Submit the order
Follow these steps to submit a VOA and Assets Analysis order on the AutomatIQ® Borrower Portal.
Visit the AutomatIQ® Borrower Portal and sign in using your credentials. You will be directed to the My Loans page.
Click Start a New Loan.
Enter your Loan Number.
Optionally, click the Guideline Selection dropdown to choose the investor guideline for your analysis.
Select the Loan Purpose.
Note: If Purchase is selected for the Loan Purpose, a Purchase Price field will appear, requiring you to enter the purchase price amount.
Optionally, if you have a DU CaseFile ID when placing your order, you can enter it in the DU CaseFile ID field.
In the Select Services for this Applicant section, select Verification of Assets.
Complete the Applicant Information section. Required fields for this section include:
First Name
Last Name
SSN
Date of Birth
Email
Phone
Current Address
City
State
Zip Code
Tip: Click + Add Applicant to include an additional applicant, then complete all required fields.
Click Next.
Select a timeframe from the Account History dropdown menu to specify how far back the system should retrieve asset data. Available options include 30, 60, 90, 180, 365, and 730 days.
Optionally, to include an Assets Analysis with your order, place a check mark in the Include Assets Analysis checkbox.
Note: If you intend to include a Cash Flow Analysis with your order, then you must select the Include Assets Analysis checkbox. All Cash Flow features and functionality depend on this selection.
Enter the amount of cash required to close the loan in the Cash To Close field.
Note: This step applies only if you selected to Include Assets Analysis with your order.
From the Asset Data Provided By dropdown, select who will be supplying the asset documentation. You can choose Borrower or Lender.
Note: This step applies only if you selected to Include Assets Analysis with your order.
If Lender is selected in the Asset Data Provided By field, you can upload the asset documentation by dragging your files into the upload area or by clicking Upload to choose files from your local drive.
After the documents are uploaded, use Match Documents to Borrowers to confirm that each document is correctly associated with the appropriate borrower(s).
Click Next.
Review and confirm all details displayed on the Order Review screen. When everything is correct, click Submit.
Follow these steps to submit a VOA and Assets Analysis order on Encompass® Desktop.
Before placing an order, ensure the following borrower information is already entered in the Encompass loan file:
First and Last Name
Social Security Number
Date of Birth
Email address
Phone Number
Current Address
Cash to Close value (recommended)
Important Note: If any required information is missing, the VOA order page will display a “Yikes!” message indicating what’s incomplete. If this appears, return to the loan file, update the missing details, and then come back to proceed with your order using the steps below.
Sign in to Encompass® Desktop using your credentials.
In your Pipeline, select the appropriate loan from the list.
From the Services tab in the left-hand navigation bar, select Order Verifications.
On the My Providers tab of the Additional Services pop-up, select CoreLogic Verification of Assets.
Click Submit.
Confirm the Loan Purpose and Purchase Price populated correctly from your loan file.
From the Asset Data Provided By dropdown, select who will be supplying the asset documentation. You can choose Borrower or Lender.
Note: If Lender is selected in the Asset Data Provided By field, you can upload the asset documentation by clicking Upload Supporting Documents. Your eFolder will slide open, allowing you to select the asset documentation to include.
After the documents are uploaded, use Match Documents to Borrowers to confirm that each document is correctly associated with the appropriate borrower(s).
Select a timeframe from the Account History dropdown menu to specify how far back the system should retrieve asset data. Available options include 30, 60, 90, 180, 365, and 730 days.
Optionally, to include an Assets Analysis with your order, place a check mark in the Include Assets Analysis checkbox.
Note: f you intend to include a Cash Flow Analysis with your order, then you must select the Include Assets Analysis checkbox. All Cash Flow features and functionality depend on this selection.
Confirm the amount of cash required to close the loan in the Cash To Close field.
Note: This step applies only if you selected to Include Assets Analysis with your order.
Confirm the Loan Information is correct.
Click Submit.
Follow these steps to submit a VOA and Assets Analysis order on Encompass® Web.
Before placing an order, ensure the following borrower information is already entered in the Encompass loan file:
First and Last Name
Social Security Number
Date of Birth
Email address
Phone Number
Current Address
Cash to Close value (recommended)
Important Note: If any required information is missing, the VOA order page will display a “Yikes!” message indicating what’s incomplete. If this appears, return to the loan file, update the missing details, and then come back to proceed with your order using the steps below.
Sign in to Encompass® Web using your credentials.
From your Pipeline, select the appropriate loan from the list.
In the left navigation bar, select Services, then choose All Services from the drop-down menu.
On the All Services page, click Order Service.
In the Order Service pop-up, select Verifications, then choose CoreLogic Verification of Assets.
Click Next.
Confirm the Loan Purpose and Purchase Price populated correctly from your loan file.
From the Asset Data Provided By dropdown, select who will be supplying the asset documentation. You can choose Borrower or Lender.
Note: If Lender is selected in the Asset Data Provided By field, you can upload the asset documentation by clicking Upload Supporting Documents. Your eFolder will slide open, allowing you to select the asset documentation to include.
After the documents are uploaded, use Match Documents to Borrowers to confirm that each document is correctly associated with the appropriate borrower(s).
Select a timeframe from the Account History dropdown menu to specify how far back the system should retrieve asset data. Available options include 30, 60, 90, 180, 365, and 730 days.
Optionally, to include an Assets Analysis with your order, place a check mark in the Include Assets Analysis checkbox.
Note: If you intend to include a Cash Flow Analysis with your order, then you must select the Include Assets Analysis checkbox. All Cash Flow features and functionality depend on this selection.
Confirm the amount of cash required to close the loan in the Cash To Close field.
Note: This step applies only if you selected to Include Assets Analysis with your order.
Confirm the Loan Information is correct.
Click Submit.
Outcome
You can submit an VOA and Assets Analysis order and receive quick and accurate results with R&W relief.