4506t Transcripts: The changes below are effective immediately and apply to all Agency and Government* loans that have not closed.

• *USDA loans will still require full transcripts.
• For loans where Tax Transcripts are not able to be obtained, the following alternatives are acceptable in lieu of.
• Option A
  • Signed Personal Tax Returns and
  • Electronic filing receipt from the IRS indicating the Declaration Number (DCN), with confirmation that the AGI matches the tax return and
  • Copy of cancelled check(s) matching the amount due to the IRS or Bank Statement showing amount clearing borrower(s) account or
  • Evidence of Refund matching tax return in borrower(s) bank account or print out from “Where’s My Refund” website
    • https://www.irs.gov/refunds
• Option B
  • Borrower obtained IRS Transcripts directly from the IRS and
  • Copy of cancelled check(s) matching the amount due to the IRS or Bank Statement showing amount clearing borrower(s) account or
  • Evidence of Refund matching tax return in borrower(s) bank account or print our from “Where’s My Refund” website
    • https://www.irs.gov/refunds

Should you have any additional questions, please contact your manager.