Bulletin 2021-015 2020 W-2 Year-end Alternative

2020 W-2 Year-end Alternative

NewRez LLC "NewRez" Approved Correspondent Clients: please note that 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 with applications as of March 1, 2021, a 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 NewRez Lending Library for the changes outlined in this announcement.