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Monitoring verification turn times, advancements, and disruptions.

Service 1st is tracking system and turn time stability returning to the IRS’ IVES program (4506-T). At the onset of the COVID-19 pandemic, the IRS shut down the program and slowly migrated operations to a remote processing model. As additional IRS clerks are equipped with laptops and gain experience with new processes, turn times will continue to migrate towards a median 65-hour response, barring any unexpected disruptions. As mentioned in a Rob Chrisman article in late July, investors are now returning to requirements for borrower tax transcripts -- Mountain West Financial, Wells Fargo, Amerihome, and PennyMac, to name a few. As per normal protocol, we continue to monitor changing 4506-T do

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