DocuTech Corp., a compliance and documentation technology company headquartered in Idaho, has partnered with Veri-Tax to automate the 4506-T IRS verification process in its flagship software ConformX. The company says this technology enhancement will help lenders to simplify the disclosure process while ensuring compliance with consumer protection regulations.
Read More »Veri-Tax Announces Launch of E-Signature Solution
Veri-Tax, LLC, and its subsidiary, Verification Bureau, LLC, announced the launch of a Form 4506-T electronic signature solution as the Internal Revenue Service (IRS) gears up to accept electronic signatures on income verification requests. [IMAGE] An electronically signed Form 4506-T releases a taxpayer’s previous years’ income tax transcripts from the IRS to an authorized third party.
Read More »Borrower Verification Company Undergoes Data Privacy Audit
Veri-Tax, LLC, a provider of income and identity verification products for banks and mortgage lenders, successfully completed a SAS-70/SSAE-16 Type II audit. Veri-Tax calls the SAS-70/SSAE-16 audit the more rigorous Type II audit, which involves an assessment of its corporate-wide policies and procedures related to handling client data. Such an audit addresses how employees access borrower tax and identity orders as well as the security of Veri-Tax's financial billing systems, information technology, and disaster recovery plans.
Read More »Private Investment Firm Acquires Veri-tax
Private investment firm Blue Horizon Capital has acquired California-based Veri-tax LLC. A provider of tax verification and fraud management solutions for the mortgage lending and consumer credit industry, Veri-tax clients include two of the nation's top four banks, as well as a slew of other lenders, originators, and financial institutions. The acquisition is expected to support the company's growth and the expansion of its fraud detection, management, and mitigation services.
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