Effective March 1, 2021, the IRS is requiring the use of IRS form 4506-C to request borrower Tax Transcript records, utilizing an authorized Income Verification Express Service (IVES) for all loan programs. Third party vendors who are requesting transcripts on behalf of their clients/taxpayers, will need to use the 4506-C form.
As a result of this announcement, Gateway is aligning with the IRS 4506-C requirement to request borrower Tax Transcript records electronically through an authorized IVES. Gateway will be requiring the use of the 4506-C, IVES request for Transcript of Tax Return with loans delivered on or after 2/22/2021.
Please direct any questions to your Regional Sales Manager