Credit Plus Inc. is now offering an electronic signature service and accepting e-signatures for Requests for Transcripts of Tax Returns, 4506-T Forms. “At Credit Plus we’re all about streamlining the mortgage process. By offering a service for lenders to obtain electronic signatures, it allows them to more efficiently close loans and prevent mortgage fraud,” said Mike Hall, vice president of Credit Plus.
A loan officer uploads a hand-signed or digitally signed authorization or requests that the borrower receives an e-mail with a link to electronically sign and authorize access to his or her IRS tax transcript. The mortgage professional tracks the order’s status online and receives an email when the order is complete or if additional information is necessary to process the request.
Credit Plus’ Tax Return Verification reports help mitigate mortgage fraud by verifying a borrower’s income with the Internal Revenue Service. It provides its reports typically within 24 to 48 hours. Mortgage professionals order reports through Credit Plus’ online technology or most LOS interfaces. Batch processing is also available.