Description
Online income verification process that provides an efficient and cost effective means to verify an individual’s income from the IRS with Form 4506T. Over 60% of all mortgage fraud includes income or identity misrepresentations.
The Perfect Solutions for...
IncomeChek - Online Income Verification is ideally suited for any client needing income verification in the finanical services or mortgage industries.
Benefits
- Produces tax transcripts in as little as 24 to 48 hours
- Reduce risk exposure by verifying the accuracy of income data provided by the borrower
- Eliminates careless mistakes that result in IRS rejections and applicants with less than accurate financial information
- Allows lenders to expedite the underwriting process
- Decreases loan processing time and increases efficiency
- Detects potential fraud and reduces the risk of repurchase demands
- Generates email confirmations when faxed documents are received and results are posted
Options
Choose a report that fits your needs:
- 1040 – For personal tax transcripts
- 1065, 1120, 1120S – For corporate and business tax transcripts
- W-2 Information – Employer reported financial data
- 1099 – Payments made to an individual or company for services provided
- K-1 Information – Partnership reported financial data
- Stated Doc – Requires a 4506T, but only reveals confirmation of filing for specified years, and existence of Schedule C and/or E
- Stated Income – Requires a 4506T, but only reveals confirmation of filing for specified years, existence of Schedule C and/or E with a minimal income level stating the borrower reported income greater than or equal to XXXXX”
Current Customers
Testimonials
IncomeChek - Online Income Verification is available from Rapid Reporting - The Verification Company. Please visit their website at for more information about the product, or contact Rapid Reporting at info@rapidreporting.com. Rapid Reporting - The Verification Company is located in FORT WORTH, TX.
