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Last minute condition to produce W-2G; not generated 'til 1/14 for 2013 taxes. Dep $ not needed to close escrow. What to do?

by kmchristensensma84 from Rocklin, California. Jan 4th 2014 Reply


Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

All W2's are supposed to be sent out by the end of January each year - Even W2-G (Gambling proceeds). So until February, lenders can not force you to produce something you don't have. I suggest asking your loan officer to contact underwriting to find out why they are asking for this. It may be an oversight, or it may be very legitimate underwriting concern. Hopefully you are working with a licensed loan officer and not a clerk - so they have the knowledge and understanding to help you get it all figured out. www.Minneapolis-Mortgage.com

Jan 5th 2014
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