AppIntell launches income verification tool
Lenders get help with tax-record requests
By Inman News, Monday, July 19, 2004.Inman News®
Mortgage technology provider AppIntell today launched 4506 DIRECT, an electronic application that aims to process requests for income-tax records through the IRS.
The service will allow real estate loan reviewers to electronically process 4506-T forms and receive the results online in an electronic format. Combined with DISSCO, this processing feature aims to provide clients with a one-stop approach to fraud analysis, and increase the speed and efficiency of loan processing.
The charge for 4506-T form processing as a stand-alone service is $9.95 each. When ordered in conjunction with a DISSCO, PREFFIS or PREFFIS PLUS report, the cost is reduced to $4.95 each.
AppIntell provides data integrity, fraud prevention, risk assessment and mitigation tools for the residential lending industry.
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