Membership Application                                                                      

                                                       

 

 

 Dear MBA Member,


On Thursday, June 23 the IRS notified vendors who provide tax transcripts (such as IVES vendors) that they would need to implement new requirements in order to continue providing tax transcript services. These new requirements are intended to better protect taxpayer information. The updated requirements include certain new assessments and certifications for vendors and lender clients.

While the IRS has not made their new certification requirements available to the public, we have learned they will include items such as a requirement that lenders provide their vendors with the Social Security numbers of any individual authorized to use the tax transcript process. Some of the new requirements must be implemented by July 1 and thus demand your immediate attention. Other requirements must be implemented within 45 days.

MBA has asked the IRS to delay the implementation date and is working for further clarity around the requirements. However, as of this writing the IRS has refused to delay the implementation.

I strongly recommend that you reach out to your vendor today to obtain the requirements and complete the necessary certifications and assess the impacts on your business operations.  According to the IRS, vendors will be required to suspend access to the transcript service for any lender that fails to complete the required certification by midnight, Friday, July 1.

If you have any questions, please contact Rick Hill, Vice President, Industry Technology at (202) 557-2718 or rhill@mba.org

MBA News link

 

Legislative Session

 

2016 Legislative Final Report 

 

We are very pleased to announce an enhanced legislative monitoring system which will allow us to share an interactive and real time electronic summary of the legislation of interest to you. 

Go to GBA’s website: http://www.gaffneybennett.com/

 Click on green button in the top right corner:  “Legislative Tracker Login”

 Enter CMBA U/N and PW on login page (contact the CMBA office for password)

Our grid should appear along with some tabs allowing you to filter and search, etc.


 

 

 


 


 

SAFE Mortgage Loan Originator ONLINE Pre-licensing, Exam Prep and Continuing Education!
Connecticut Mortgage Bankers Association has partnered with the Association of Mortgage Educators (NMLS Provider ID: #1400214) to offer online SAFE MLO Pre-licensing, Exam Preparation and Continuing Education courses. REGISTER
 

CMBA Advisory Council Sponsors

Birchwood Credit Services
CATIC
Chelsea Groton Bank
CHFA
Fairfield County Bank
Farmington Bank
First County Bank
First World Mortgage Corp.
Genworth Financial
Guilford Savings Bank
Hunt Leibert
Liberty Bank
McCue Mortgage Company
Norcom Mortgage
People's United Bank
Radian Guaranty, Inc
Robinson & Cole
Sikorsky Credit Union
Simsbury Bank
Strategic Information Resources
Thomaston Savings Bank
The Washington Trust Mortgage Mortgage Company
Webster Bank
Wells Fargo Home Mortgage
First World Mortgage Corp.
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Connecticut Mortgage Bankers Association, Inc.
185 Main Street, Suite 404  

New Britain, CT 06050

Phone: 860-348-1238
Fax: 860-348-1257
Email: info@cmba.org

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