AC-002 Transcripts and Income Validations Reminder 2023
NOTICE TO ALL CUSTOMERS
Income Validations Reminder
Tax Returns and Transcripts are required for borrower(s) whose “self-employment” or “other” income sources are being utilized for the repayment of the mortgage.
The number of years for tax returns and transcripts being required is based on the AUS findings except on loan products such as the Preferred and Sapphire Jumbo which have specific requirements.
The table below outlines the documentation requirements for 2022 IRS Tax Returns and Transcripts