Category Archives: Home Mortgage

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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Form 4506 Definition

Buying a home involves a lot of paperwork, and the most important pieces of paperwork are tax returns. Mortgage companies use to allow home buyers to state their income without any documentation, which led to the housing market crash in … Continue reading

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Papers You Need To Gather For A Mortgage

In order to obtain a mortgage loan, you need documentation to prove your assets, debt, and income. Some of the documents may be able to be obtained for you by the lender, and some you will need to bring. You … Continue reading

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