Skip to main content

CoreLogic Integration With 4506-T Direct Seeks to Stamp Out Mortgage Applicant Fraud

Aug 29, 2011

CoreLogic, a provider of information, analytics and business services, has announced that it has integrated a tax return income verification solution—4506-T Direct—with its Mortgage Builder Software. The integration allows Mortgage Builder users to verify applicant income directly through the Internal Revenue Service (IRS), satisfy fraud detection requirements such as Fannie Mae’s requirement for third-party income verification, and detect inaccuracies in borrower-supplied tax information—directly from the Mortgage Builder loan origination system. The CoreLogic optimized data submission process helps deliver tax return information to the IRS faster, so Mortgage Builder users can obtain quicker, more efficient income verification results. The 4506-T Direct product searches up to four years of IRS verified data on the borrower(s); provides automated, timely posting of transcripts; and is backed by proven quality controls to maximize IRS acceptance. “The integration of 4506-T Direct significantly enhances our continued partnership with CoreLogic,” said Keven Smith, president and chief executive officer of Mortgage Builder Software. “This expanded product offering, accessed directly and easily from the Mortgage Builder platform, supports our objective for setting a new standard in convenient, single-source access to advanced data solutions that help streamline the loan origination process for our customers.”
About the author
Published
Aug 29, 2011
Building A Digital Bridge Between Separate Revenue Streams

Menu cloud-based technology capitalizes on the entire borrowing cycle

Economists Less Confident Rates Will Drop Following Fed Decision

After sixth consecutive month with no change, the likelihood of cuts in 2024 feels "more out of reach."

FHFA Final Rule Released

Rule codifies equitable housing programs, GSE Plans

FDIC Announces Closure Of Republic First Bank

The Philadelphia-based lender's 32 branches will now be served by Fulton Bank

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

In Wake Of NAR Settlement, Dual Licensing Carries RESPA, Steering Risks

With the NAR settlement pending approval, lenders hot to hire buyers' agents ought to closely consider all the risks.