Such as, if you state that your borrower is an IT Consultant and they file their taxes as a bar maid or janitor, you may be in trouble.

The 4506t form is being required more and more now on stated loans. This is an insurance policy for lenders. They want to see if there is an abnormal increase in income stated on 1003 as well as, they want to make sure that the profession or employment that you stated the borrower is doing is accurate.