**Update to the effects the Government shutdown is having on the mortgage business. ****
Supreme Lending is now waiving the requirement for validated tax returns on certain loan products as long as the client can show deposited tax refund or payment to the IRS and those totals match the copies of the returns that the borrower has provided us.
Due to the shutdown of the Federal Government, employees for many functions of the government have been furloughed, including those at the IRS who assist with providing Tax Return Validations (TRVs).
Due to the current unavailability of these transcripts, effective immediately Supreme Lending will provide exceptions on certain loan types to close without the TRVs. The borrower(s) must still sign the 4506-T at closing, and the TRVs will be obtained post-closing.