Why Does My Mortgage Company Need My Tax Transcripts?

For years, it has been standard for a mortgage company to request an IRS 4506-T request  from their clients.  This form allows the mortgage company to order the consumers tax transcripts with the consumers consent.  Lenders would keep these forms in closed loan files in the event a  transcript would be needed.  Lenders did not actually send the request unless they felt there was something they needed to verify.  Not anymore.

Find out more about the mortgage process. The industry is ever changing more and more. It can be a confusing process understanding what is needed and how you can get qualified quickly. Trying to do this alone is no easy task figuring out, What do you need and why? If you have questions for our mortgage expert contact us today Thach Nguyen 206-334-88773