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The Annual Review Bottleneck Your annual review process does not need to hinge on the responsiveness of your borrowers. Because the SBA requires lenders to adhere to continued monitoring standards

Key Takeaways When an 8821 gets rejected, the problem is almost always mismatch between what’s on the form and what the IRS has on file.  The TIN must be exact.

Key Takeaways A filed extension means no return transcript exists yet. Transaction code 460 appears on an account transcript when the extension is accepted, and lenders using Form 8821 can

Key Takeaways A blank transcript means the IRS has no record to return that matches the request submitted. Wrong form type equals a blank result. The 8821 requires specifying the

Key Takeaways The SBA issued two major policy updates in 2025 that directly tighten servicing requirements for all 7(a) lenders SBA 7(a) default rates were at a 12-year high in

Key Takeaways SBA 7(a) default rates are at a 12-year high due to 2023 policy changes that relaxed underwriting standards and expanded riskier loan segments Portfolio monitoring creates a critical

Key Takeaways Form 4506‑C rejections can happen for a variety of seemingly-trivial errors Common issues include mismatched names or TINs, outdated addresses, illegible scans, and missing or outdated signatures Formatting

Key Takeaways Form 4506-C for tax data verification comes with strict formatting rules, wet signatures, and high rejection rates that slow the lending process. Form 8821 offers broader, ongoing IRS

Key Takeaways Account transcript codes are 3-digit numbers used by the IRS to indicate certain actions taken on a taxpayer’s account These codes can be used by lenders to better

Key Takeaways Legacy Bank & Trust needed a faster, cheaper way to approve, underwrite, and fund loans, especially around IRS transcript retrieval. By integrating TOD, the bank streamlined intake and