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.”