Updates Affecting Mortgage Underwriting
Rob Chrisman is back with another weekly update on the happenings of the mortgage world. Times continue to change and with it also comes changes that mortgage underwriters should be aware of. So, what's new?
"Effective Tuesday, August 1, 2017, the IRS began rejecting 4506T's if the e-Signature is covering any verbiage on the 4506T form, especially pertaining to the Signatory Attestation Clause," according to Chrisman's August 7, 2017report.
"To assist in complying with IRS policy, Equifax will also begin rejecting these 4506T's prior to submission to the IRS on the same date. As of Monday, July 17, 2017, Flagstar's Submission Review will begin to hold the authorization form if information is not visible."
Are you up-to-date on new regulation? If not visit Chrisman's page by clicking on the image above to learn more about some new rules affecting mortgage underwriting.
