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Lender Solutions | Blog

Read the latest news on lending.
July 9, 2012 In Blog, Lender Solutions

Will I face an Audit for filing Form 4506-T?

4506-Transcript form is a way for mortgage lenders to get insurance about the information you provide to them in regards to the previous year’s tax returns. Often the concern is, ‘Will filing the form raise any audit from IRS for previous year’s tax returns?’ Normally

June 25, 2012 In Blog, Lender Solutions

What Borrowers Should Know about Form 4506-T

The form 4506-T is an important part of the mortgage world. This form helps keep any type of mortgage fraud in check, which in turn helps balance the economy. The 4506-T enables lenders to request the IRS for a borrower’s tax return details for the

June 18, 2012 In Blog, Lender Solutions

Lender’s Guide to Form 4506-T

The 4506-T is a request for tax return transcripts from the IRS. After the housing market crashed, Fannie Mae has made it mandatory for lenders to verify a borrower’s claim to income. Lender could have the applicant sign form 4506-T before or at time of

June 12, 2012 In Blog, Lender Solutions

How Form 4506-T Keeps Fraud in Check

Lending and borrowing are the two sides of a seesaw that keeps the delicate balance in an economy. Any process that might impair this balance should be dealt with utmost care. People need to be patient and understand that certain procedures take time and that