Dear MBA Member,
As a follow up to yesterday’s member letter, I wanted to let you know that the IRS has extended the re-verification deadline for existing clients of IVES vendors from July 1 to midnight, July 15. IVES vendors tell us that meeting the July 15 deadline remains a challenge, but this is a significant improvement.
Since MBA first became aware of the problem last Friday, we have been working with the IRS and the Obama administration to request an extension, and have encouraged our members to proactively reach out to their vendors. We appreciate the extension and urge MBA members to complete the re-verification process as soon as possible. If you have already been contacted by your IVES vendor(s), you should continue to make it a priority to complete the process quickly. If you have not yet been contacted by your IVES vendor, you should immediately call your vendor and obtain the re-verification requirements.
If you have any questions, please contact Rick Hill, Vice President, Industry Technology at (202) 557-2718 or email@example.com.
David H. Stevens
President and Chief Executive Officer
Mortgage Bankers Association