Verifying a borrower’s income with the help of IRS tax return transcripts sounds simple, but unfortunately, the reality is often far more complicated. It’s not uncommon for lenders looking to verify a borrower’s tax returns with the IRS to receive a “no record found” notice. Learn more about the common pitfalls that can stop a loan in its tracks.

With today’s economic uncertainty, lenders seeking to protect their institutions from bad loans turn down small business credit applications at a higher rate than consumer applications. What’s the answer for small business lenders? Read more to find out.

The IRS Wait is Over: Back to Reality  As a result of the pandemic, the IRS intermittently opened and closed throughout 2020, impacting their ability to maintain operations. They struggled to deal with basic business operations, such as opening the mail …

The shock waves of credit bureaus failing to provide tax lien data continues to resonate throughout the world of lenders. Just last week, beginning April 16, 2018, the big three …

Gaps in solid underwriting can be the difference between a successful lending relationship and one that ends up in default. Here are a few we’ve identified to help you identify …