Industry News

AppIntell launches income verification tool

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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. *** What's your opinion? Send your Letter to the Editor to