Bulletin 2023-009 2022 W-2 year-end Alternative

2022 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 2022 Form W-2 Tax and Wage Statement, to document 2022 year-end earnings, provided the documentation reflects the complete income earned in the previous calendar year.

 

Effective with applications as of March 1, 2023, a 2022 W-2 will be required.

 

Refer to the following chapters for complete requirements:

 

  • Chapter 1I Employment and Income, Section 1I.1(d) W-2 Form
  • Chapter 2I Employment and Income, Section 2I.1(d) W-2 Forms
  • Chapter 3I Employment and Income, Section 3I.1(d) W-2 Forms
  • Chapter 4I Employment and Income, Section 4I.1(d) W-2 Forms