Multiple years of applicant tax data will help lenders precisely calculate income quickly, expanding options for income verification.
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HUD Seeking Input on Improving Processes and Solutions
The Department has published a Request for Information asking the public how it can simplify programs and reduce burdens to increase access to its programs.
Read More »TRK Connection Adds Veri-Tax Income Verification
TRK Connection recently announced that it has added 4506-T Income Verification from Veri-Tax to its QC audit platform Insight Risk & Defect Management.
Read More »Loan Denial Rates and Credit Scores
An analysis of HMDA data found that even though the rate of mortgages made to minorities is rebounding, the loan denial rates for this group remain high. Can alternative forms of credit scoring help them become homeowners?
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