How USTaxCerts Is Boosting Bank Statement Production – While Limiting Lender Post-CFPB Risk

Houston, TX — October 31, 2025

Non-QM risk increases as CFPB oversight is being defaulted back to the states. This follows CFPB staff reductions from over 1,600 in late 2024 to approximately 200, with current budget director Russell Vought reportedly stating he intends to close the agency within months (HousingWire, Oct. 16, 2025).

“Your NonQM verification vendor should boost NonQM while mitigating backend risks.” said Danny Flucke, an industry-leading NonQM expert with decades in Alt-A and Non-QM production roles at Carrington, Angel Oak, and most recently as National Non-QM Sales Manager for KindLending.

Since his latest article (LINK) on the topic was published and cited, other industry experts have agreed and echoed their own concerns, warning of potential actions by state regulators or borrowers over verification accuracy.

“With CFPB oversight ending the regulation will fall back to the states, and NonQM lenders have two choices.” Flucke warned.

“They can accept all the risk by allowing random tax preparer letters with zero backend insurance,” Flucke continued, “or choose USTaxCerts, where every file is verified by IRS-licensed and bonded tax professionals, and backed by $1Million per-file insurance coverage to protect lenders, AEs, brokers, and LOs from adverse actions.”

Lenders and production teams seeking to boost volume, eliminate verification risks, (And the first file is always free), are encouraged to submit a NonQM scenario or join the next nationwide NonQM webinar hosted by USTaxCerts.

Support@USTaxCerts.com | https://USTaxCerts.com | 877.251.5522

USTaxCerts.com is the nation’s leading NonQM verification provider, trusted by top lenders for fast, insured, and lender-friendly verifications prepared by IRS-licensed professionals. Each file carries $1Million in backend E&O coverage.

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Source: HousingWire, October 16, 2025: Budget Director Russell Vought announces intent to shut down CFPB