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Important Mortgage Licensee Information - Financial Regulation

In October 2006, the Internal Revenue Service began the Income Verification Express Service (IVES) program, offering electronic delivery of IRS transcripts and records available upon submission of IRS Form 4506-T, Request for Transcript of Tax Return.

IVES provides two-business day processing and delivery of return transcripts. The new service replaces the existing process that required manual pick-up and delivery of transcripts from the IRS Return and Income Verification Services (RAIVS) units located across the country.

The IRS recognizes Maryland Department of Labor's vital role in distributing information to mortgage financing and/or lending institutions. As part of that partnering effort, the IRS has asked Maryland Department of Labor to share important information about improvements the IRS has made in the processing of income verification requests.

IVES Web Site - The IRS has no jurisdiction and offers no guidance on mortgage financing or lending products or practices. This outreach is intended for information purposes about the Income Verification Express System only.