Inquiry Routing & Information System (IRIS)
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post-audit 60 days following payment
Published 08/10/2012 08:59 AM | Updated 06/27/2017 08:08 AM
If a loan is eligible for post-audit 60 days following payment, for example, does that mean it will not be selected until at least 60 days? Is there a cap on how long after the 60 days a loan may be selected?
The case is only eligible beginning at the 60th day. VALERI selects cases that have just become eligible for post-audit at the end of the month. The case then only stays eligible to be selected by the Central Office Servicer Liaison (COSL) if it is determined that additional cases are required.