HOW BUREAU VERITAS PROVIDES SUPPORT FOR LENDERS WITH VERIFICATION & COMPLIANCE SERVICES

BV helps provide re-verification services in accordance with Schedule 6. 

 

Bureau Veritas conducts measurement and verification on properties that underwent both Green Rewards Mortgage Loans and Green Mortgage Loans secured by a property.  As Fannie Mae’s Green Rewards Mortgage Loans committed to install energy and/or water improvements receive a Verification site visit as part of Fannie Mae’s Green Measurement and Verification Service.  All properties with Green Rewards Mortgage Loans must have a Verification site visit after the installation of energy and water efficiency measures has been completed. Efficiency measures are typically required to be installed within 12-months after loan closing. Fannie Mae has discontinued this portion of the Green Rewards Project.  

Since this crucial part of the project has been discontinued, the onus is now on lenders to ensure that the properties bought under the Green Reward Mortgage loan program still fall into compliance with the secondary site assessment of the Schedule 6 re-verification requirement 12 months after closing the loan.  

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Bureau Veritas can undertake this onus and will offer on time, efficient and cost-saving verification services to ensure compliancy of your properties. 

Bureau Veritas' Green PCAs give you the intelligence to create energy management and reduction plans with specific actions to obtain significant short- and long-term cost savings. Look to Bureau Veritas to ensure your properties fulfill specific Green standards.