Plaza News + Updates

On March 1, 2021, the IRS will be updating their form requirement from 4506-T to a 4506-C when obtaining transcripts through a vendor. However, the IRS has made the new form 4506-C available now. The new form will have an impact on Post Closing Quality Control Reviews, therefore we recommend that clients begin using the 4506-C as soon as possible.

All loans purchased by Plaza on or after February 1, 2021 must have closed using the new 4506-C. Prior to February 1, Plaza will accept both the 4506-T or the 4506-C form.

To avoid delays in loan purchasing, please work with your document vendor and LOS provider to ensure the new form is included in the closing packages.

Read more about this change in the 12.16.20 Fannie Mae Selling Guide announcement or reach out to your Plaza Account Executive for any questions

They're back: HomeStyle and CHOICERenovation Loan Programs

Plaza is excited to announce that we will begin accepting Fannie Mae^® HomeStyle^® and Freddie Mac CHOICERenovation^® renovation loans again on Monday, September 8, 2020. And don’t forget we also accept FHA 203(k) loans, so when you think renovation, think Plaza. Visit our program page or contact your Plaza Account Executive to learn more.

With a variety of delivery methods to choose from, Plaza gives you the needed flexibility to stay ahead of the game.