Impac improves automated underwriting and funding systems

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.