Announcement 2021-008 - 2020 W-2 Alternative

2020 W-2 Year-end Alternative

This announcement acts a reminder that a year-end paystub(s) or Military Leave and Earnings Statement is acceptable in lieu of the borrower’s 2020 Form W-2 Tax and Wage Statement, to document 2020 earnings, provided the documentation reflects the complete income earned in the previous calendar year.

 

Effective March 1, the 2020 W-2 will be required.

Please see 1I.1 (d) W-2 Form in Chapter 1I Employment and Income for this information.

Please reference the Credit Policy and Product Development NewRez Lending Library for the changes outlined in this announcement.