Category Archives: Home Mortgage

Deciding which mortgage lender is right for you

A mortgage is a credit facility that is used to buy a house. Many people opt to secure a house through a mortgage loan instead of renting. In this type of loan, the house is registered with the lender’s name. … Continue reading

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Why does a mortgage company need a transcript of tax return?

When applying for a mortgage, the potential borrower is asked to submit several pieces of documentation to the lender. Documents that are typically required include recent tax returns, pay stubs, W-2 forms, statements from any bank and investment accounts and … Continue reading

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How Can Mortgage Lenders, Banks, and Credit Unions Benefit From 4506-Transcripts?

Before you lend money, it is important to establish the financial worthiness of your client. Traditionally, that was done by checking the client’s credit rating and asking for a copy of his tax return, but that only tells you part … Continue reading

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All The Paperwork You Need To Apply For A Mortgage

The process of getting a mortgage starting from the process of applying for a loan until you close on your property is a long and winding road. The first step is to gather information about the process and apply for … Continue reading

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Using IRS Form 4506-T in Mortgage Loan Processing, Quality Control, & Auditing

Following the financial crisis in the mortgage markets in 2008, lenders have increased the standards of document review and verification that are part of the loan process. Lenders are required as part of the Dodd-Frank Act to perform a thorough … Continue reading

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