Birchwood Credit Services is excited to announce a new partnership with Halcyon Still Water, a leading provider of tax transcript solutions, to bring transformative changes to the mortgage industry. This collaboration aims to simplify and enhance the mortgage process by eliminating the need for the cumbersome 4506 form, replacing it with the highly efficient and reliable 8821 form.
BIRCHWOOD CREDIT SERVICES PARTNERS WITH HALCYON STILL WATER: REVOLUTIONIZING THE MORTGAGE PROCESS WITH THE 8821 FORM
The traditional 4506 form, used to obtain tax transcripts from the IRS, has long been a bottleneck in the mortgage application process. With a national rejection rate of 38%, this form often leads to delays, increased costs, and frustration for both lenders and borrowers. Recognizing these challenges, Birchwood Credit Services has partnered with Halcyon Still Water to offer an innovative alternative: the 8821 form.
WHY THIS PARTNERSHIP MATTERS
THE 8821 ADVANTAGE
The 8821 form offers several significant benefits over the traditional 4506, all of which directly contribute to a more streamlined and efficient mortgage process:
- Remarkably Low Rejection Rate: The 8821 form boasts a rejection rate of less than 1%, a dramatic improvement over the 4506's 38% national average. This means fewer delays and a more predictable process for lenders and borrowers alike.
- Speedy Document Delivery: In cases where repulls or additional documents are needed, the 8821 form allows for delivery within minutes, with no extra fees. This rapid turnaround time helps keep the mortgage process on track and reduces the burden on both lenders and borrowers.
- No Need for Re-Signing: One of the most frustrating aspects of the 4506 process is the need to return to borrowers for re-signatures in the event of rejections or additional document requests. The 8821 form eliminates this hassle entirely, ensuring a smoother, more efficient experience for all parties involved.
- Versatile Delivery Options: Halcyon Still Water delivers transcripts in both PDF format and Json, allowing the data to be easily mapped into an income calculator. This flexibility enhances the accuracy and efficiency of income verification processes.
- Unmatched Compliance and Security: Halcyon Still Water is the only provider of the 8821 form with GSE (Government-Sponsored Enterprise) Reps and Warrants and Day 1 Certainty (D1C). This ensures that the process not only meets but exceeds industry standards for compliance and security.
- Extended Consent Validity: Unlike the 4506 form, where consent to request transcripts expires after 120 days, the 8821 form allows for transcript requests for up to three years after execution. This extended validity period provides lenders with greater flexibility and reduces the need for repeated document requests.
Instant Requests via ID.ME: Utilizing ID.ME, the 8821 form enables transcript requests to be delivered in 24-48 minutes to hours, significantly accelerating the overall process.
Austin Wheeler
603-966-9876
austin@birchwoodcreditservices.com
WHAT THIS MEANS FOR YOU
By integrating Halcyon Still Water's 8821 solution, Birchwood Credit Services continues to lead the industry in offering cutting-edge tools that enhance the mortgage process. Our clients can now enjoy a smoother, faster, and more reliable way to obtain tax transcripts, ultimately improving the borrower experience and driving business growth. We are confident that the 8821 form, powered by Halcyon Still Water, will become a new standard in the industry, helping our clients stay ahead in a competitive market.
If you're ready to eliminate the headaches associated with the 4506 form and embrace a more efficient, borrower-friendly process, it's time to explore what the 8821 form can do for you.
Contact Birchwood Credit Services today to learn more about this exciting new offering and how it can benefit your business.
