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Handstands at the beach
The IRS is modernizing 4506-C tax return request processing. This change offers much needed automation advances to the current manual process, which will greatly improve efficiency in response to the mortgage industry’s transcript needs.
The first step in this effort will be the installation and implementation of Optical Character Recognition (OCR) software.
That means a computer will soon be seeing and reading these requests – not people! As a result, the form must be “clean” and completed properly.
No cross outs
No line throughs
Sign inside the box
Best practice is to type everything,
or have your LOS system fill in automatically
Social security number must be perfect
One name per form even if they file jointly
Name has to match what is on the IRS return
 | Only one form per person is allowed. You must complete a separate form for co-borrowers. |
| The form must be clear of any editing marks. You are not allowed to circle or add notes to the form. |
| Only the specific transcripts, tax years, and/or taxpayers that need to be processed should be identified. |
| The data must be listed only on the assigned lines. |
| Credit Plus will no longer be able to edit the form in any manner. What we receive from our lender clients on Form-4506-C is what we will send to the IRS and what you, in turn, will get. |
Don’t delay 4506-C processing!
Forms not completed to IRS standards probably will be rejected.
Hopefully this is one more piece of the home loan application that gets pedal to the medal speedy fast. I love closing your mortgage fast.
Have a Great Day!
Be joyful.
Handstands are a great way to improve your happiness. Start with practicing against a wall. Next try some on grass or sand for a soft landing. Once you can hold for a few seconds your core and arms get great exercise. Your mind and heart receive a rush that is invigorating.
C G Barbeau
NMLS 324982
(949) 784- 9699 7 days a week