VantageScore Launches Simulator API
In a press release published Oct. 16, VantageScore introduced a new VantageScore® 4.0 Mortgage Credit Score Simulator API, a tool that lets lenders ...
According to KPMG, the IRS will remain fully operational during a potential government shutdown that may occur at 12:01AM Wednesday. That’s a change from past shutdowns when tax transcript services were unavailable. The Social Security Administration’s lapse plan, however, shows that certain services will pause, including the Consent Based Social Security Number Verification (CBSV) program that lenders rely on for SSN checks.
Separately, SSA’s CBSV service is already in a maintenance outage through October 4th, as posted on the Informative Research status page. This means that SSN verification requests through IR are currently delayed even before the potential shutdown.
Key Points:
Our Take:
Informative Research expects IRS income verification to remain steady, but SSN verification is already affected by SSA’s CBSV maintenance outage and will pause fully if a shutdown occurs. All SSN verification orders will be queued and processed on a first-in, first-out basis once CBSV is restored and SSA services resume.
Disclaimer: The views and commentary expressed in this blog are provided for informational purposes only and do not constitute legal, financial, or professional advice. Informative Research (IR) makes every effort to ensure the accuracy of the content at the time of publication, but we do not guarantee its completeness or timeliness. Readers should consult their own legal or business advisors before making decisions based on this information. References to third-party companies, products, or services are not endorsements.
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