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Brett's Mortgage Blog

How Gov. Shut Down Will Affect Mortgage Business…

Good Morning!

I hope you guys had a great Christmas!

Quick note on how the government shut down may affect you if you are currently in the mortgage process…

One of the last conditions completed on most loans is a validation through the IRS’s system to verify the income documents (tax returns / w-2’s) given to your loan officer are the same ones that were received by the government.

It’s really a quality control condition.  

This validation process looks like it wil be shut down during the government shut down.  …So, if you are under a closing dead line it could affect you.

Hopefully the shut down won’t last that long.

That’s it for today!

Thanks for reading!

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Brett Sampson

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