Major IRS Glitch Could Delay Closings by Months

Mortgage Daily, Dec. 15, 2017
Mortgage industry vendors are reporting that as of midday Thursday, they have been unable to retrieve tax transcripts from the IRS at the pace needed to handle the daily volume of loans. One of the largest vendors reports that they might have to revert to manual downloads–potentially cutting production levels from tens of thousands of transcripts per day to potentially hundreds.