HomeBridge would like to remind brokers that October 15, 2013 is the deadline for anyone who filed an extension to submit their 2012 tax return to the Internal Revenue Service.
Loans funding on or after October 15, 2013 where 2012 tax returns were used for qualification will require evidence the borrower filed their 2012 tax return.
This policy applies when tax returns were used to qualify the borrower; it does not apply when only paystubs and/or W-2s are used to document income.
Brokers are responsible for ordering tax transcripts from RealEC® by using the Express 4506 link on the HomeBridge website.
NOTE: Even when the 2012 income was not used for qualifying the 2012 transcript must be ordered as the transcript result showing “No Record Found