{"id":2361,"date":"2017-04-07T18:51:34","date_gmt":"2017-04-07T18:51:34","guid":{"rendered":"https:\/\/preprod.housingwire.com\/knowledge\/?p=2361"},"modified":"2019-11-06T14:44:11","modified_gmt":"2019-11-06T14:44:11","slug":"saving-time-and-money-by-cutting-your-irs-4506-t-reject-rate-in-half","status":"publish","type":"post","link":"https:\/\/preprod.housingwire.com\/knowledge\/saving-time-and-money-by-cutting-your-irs-4506-t-reject-rate-in-half\/","title":{"rendered":"Saving time and money by cutting your IRS 4506-T Reject rate in half"},"content":{"rendered":"<p class=\"Default\"><span style=\"font-size: 11.0pt;\">As of the third quarter of 2016, the Mortgage Bankers Association\u2019s survey of mortgage bankers showed lenders are still paying nearly $7,000 per loan in origination expenses. <\/span><\/p>\n<p class=\"Default\"><span style=\"font-size: 11.0pt;\">To reduce this figure and maximize cost savings, lenders must not only save money on outsourced processes, but also save time. Reducing time at every stage of the loan origination process is the key to controlling costs. <\/span><\/p>\n<p class=\"Default\"><span style=\"font-size: 11.0pt;\">In this paper, we will discuss one process that lenders have spent little time examining because it is typically outsourced to third-party vendors. We will also introduce a new method for reducing the time required to receive an IRS 4506-T tax transcript from the Federal government; a requirement for nearly all mortgage transactions and a process that, to the surprise of some, could save lenders significant time and money if optimized.<\/span><\/p>\n<p><strong>Publisher:\u00a0Chronos<\/strong><br \/>\n<strong>Date:<\/strong>\u00a0April 2017<\/p>\n<p><a href=\"http:\/\/marketing.housingwire.com\/acton\/formfd\/4321\/00aa:d-0002\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-2063 size-full\" src=\"https:\/\/preprod.housingwire.com\/knowledge\/wp-content\/uploads\/sites\/2\/2014\/03\/btn_click2view.png\" alt=\"btn_click2view\" width=\"148\" height=\"32\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As of the third quarter of 2016, the Mortgage Bankers Association\u2019s survey of mortgage bankers showed lenders are still paying nearly $7,000 per loan in origination expenses. To reduce this figure and maximize cost savings, lenders must not only save money on outsourced processes, but also save time. Reducing time at every stage of the [&hellip;]<\/p>\n","protected":false},"author":686,"featured_media":2362,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[59,63],"coauthors":[80],"class_list":["post-2361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lending","tag-top-picks","tag-white-paper"],"acf":[],"jetpack_featured_media_url":"https:\/\/preprod.housingwire.com\/knowledge\/wp-content\/uploads\/sites\/2\/2017\/04\/shutterstock_503343811-copy.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/users\/686"}],"replies":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/comments?post=2361"}],"version-history":[{"count":1,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2361\/revisions"}],"predecessor-version":[{"id":2860,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2361\/revisions\/2860"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/media\/2362"}],"wp:attachment":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/media?parent=2361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/categories?post=2361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/tags?post=2361"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/coauthors?post=2361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}