Bank Account Data Could Help Lenders Avoid IRS Transcript Delays
National Mortgage News, June 20, 2018–Bonnie Sinnock (subscription)
The jury’s still out on whether bank account data is a viable alternative to the tedious process of contacting employers to verify a mortgage applicant’s job status. But there’s already hope that the same data could replace the even more nettlesome task of Internal Revenue Service income verifications.
