Impac improves automated underwriting and funding systems

Impac improves automated underwriting and funding systems

June 12, 2007

Rapid Reporting offers stated income verification toolMortgagePress.comStated income verification
Rapid Reporting Verification Company has introduced Stated Doc
Report, a compilation of critical information provided by the IRS
that allows mortgage originators to confirm the veracity of
information provided on stated income loan applications.
Rather than releasing numerical data, the Stated Doc Report
simply indicates whether an applicant has filed a federal tax
return (including schedules C and E) during the past two years and,
if so, provides the self-employed individual's Social Security
number and the NAICS code of his business.
Fort Worth, Texas-based Rapid Reporting Verification Company is
a national provider of income and identity verification products
for mortgage lenders. For more information, call (888) 749-4411 or
visit www.rapidreporting.com.

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