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DocMagic Partners With Veri-Tax on Tax Transcript Initiative

NationalMortgageProfessional.com
Nov 12, 2013

DocMagic Inc. has announced a new integration with Veri-Tax. Together, DocMagic and Veri-Tax have created an automated ordering mechanism for retrieving tax transcripts from the IRS, which is triggered when a borrower successfully eSigns the 4506-T form via DocMagic’s eSign platform. “Through this integration, DocMagic has created a highly efficient, completely automated, no-touch ordering mechanism for ordering and delivering IRS tax transcripts, a mortgage loan underwriting requirement,” said Dominic Iannitti, CEO of DocMagic. “By combining a number of our automated technology solutions, we have created a streamlined approach that improves lenders’ efficiencies while keeping them in compliance.” DocMagic’s automated solution is utilized when a 4506-T form is embedded in an initial disclosure package, included in another document package, or ordered individually by the lender. Once the entire package is eSigned by the borrower, DocMagic’s automated solution instantly forwards the eSigned 4506-T, with the document-level audit log, to Veri-Tax to process the tax transcript request. The completed transcripts are delivered directly to the lender’s designated location without ever having to log into an ordering portal or third-party platform. "DocMagic’s integration is the easiest and fastest way for lenders to request a borrower’s signature on the 4506-T and to automatically receive tax transcripts," said Maria Kirgan, Veri-Tax's senior director of product management. "Our goal is to make our products accessible and easy to use through key partner integrations. We are thrilled to offer this new integrated solution to our customers, saving them time and streamlining their process.”
Published
Nov 12, 2013
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