TRK Connection [1] recently announced that it has added 4506-T Income Verification from Veri-Tax to its QC audit platform Insight Risk & Defect Management (RDM). According to TRK, the addition expands the range of integrated income verification providers Insight users can select to complete the post-closing QC reverification process.
“TRK’s mission is to assist lenders by making the QC audit process easier, more intuitive and more efficient, thus enabling them to effectively manage and report on loan quality,” said TRK EVP of Strategy Jeremy Burcham. “Our network of integrated reverification providers plays a key role in our ability to deliver on that promise, which is why we are pleased to add Veri-Tax to our roster of top-tier income verification providers available within Insight RDM.”
Veri-Tax’s 4506-T Income Verification service allows lenders to quickly validate income and uncover potential borrower misrepresentation. By auditing every order at multiple check-points, Veri-Tax reduces IRS rejections by 29 percent, and all tax transcripts include a customizable summary coversheet that highlights and calculates key income verification line items. The ability to order income verification from Veri-Tax directly through the Insight RDM platform, which also includes industry-first reverification eSign capabilities, enables lenders to create a paperless, streamlined reverification process designed to support lenders’ loan quality initiatives.
“We are pleased to have supported the TRK Connection team from the very early stages of their platform development and integration of our industry leading verification services. We look forward to continuing our long partnership and serving our mutual clients,” said Nick Lim, CEO of Veri-Tax.