Verify Borrower Income Quickly and Easily

In today's mortgage market, mortgage lenders and investors take no chances when it comes to borrowers' income and ability to make payments. In response to the credit and housing crisis that has unfolded over the past few years, the industry has moved quickly towards requiring income verification on every loan originated. 4506Xpress from ComplianceEase® retrieves tax transcripts directly from the IRS quickly and easily, helping institutions mitigate the risk of fraud and ensure that investor requirements are met.

Income Verification for Today's Market

Verifying borrower income by pulling tax transcripts used to be a quality control best practice limited to samples of loans. Underwriting standards have tightened as the industry attempts to correct the mistakes of the past several years. Many lenders and loan programs require every loan to have borrowers' incomes documented by tax transcripts from the IRS. 4506Xpress allows lenders and originators to easily obtain tax transcripts directly from the IRS via fax, in an average of 24-48 hours on business days. 4506Xpress gives you an easy three-step process to obtain accurate income information direct from the IRS:

1. Fill out 4506Xpress Cover Sheet
2. Fax 4506-T Request and Cover Sheet to ComplianceEase
3. Receive Fax of Official Tax Transcript

Reduce Risk Efficiently

		Falsifying income often goes hand-in-hand with inflating property values and flipping schemes
		Identify fraudulent income and falsified borrower information before a loan closes
		Reduce losses from fraud and ensure borrowers' ability to repay loans
		Meet lender and investor requirements for borrower income verification

Receive Unsurpassed Service

		Retrieve tax transcripts directly from the IRS, verifying income at the source
		Send requests and receive transcripts with a familiar fax-based workflow
		Friendly and efficient client support from the industry's compliance experts
		Quick average turnaround time of 24-48 hours no matter who you are, with no rush fees

For more information on 4506Xpress, contact your Account Manager at 1.866.212.EASE (3273) or send us an e-mail at Contact CE.