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IncomeChek - Tax Return Service provided by CIC
Online income verification process that provides an efficient
and cost effective means to verify an individual’s income from the IRS with Form 4506T. Over 60% of all mortgage fraud includes
income or identity misrepresentations.
Benefits
- Produces tax transcripts in as little as 24 to 48 hours
- Reduce risk exposure by verifying the accuracy of income data provided
by the borrower
- Eliminates careless mistakes that result in IRS
rejections and applicants with less than accurate financial information
- Allows lenders to expedite the underwriting process
- Decreases loan processing time and increases efficiency
- Detects potential fraud and reduces the risk of repurchase demands
- Generates email confirmations when faxed documents are received
and results are posted
Options
Choose a report that fits your needs:
- 1040 – For personal tax transcripts
- 1065, 1120, 1120S – For corporate and business tax transcripts
- W-2 Information – Employer reported financial data
- 1099 – Payments made to an individual or company for services
provided
- K-1 Information – Partnership reported financial data
- Stated Doc – Requires a 4506T, but only reveals confirmation
of filing for specified years, and existence of Schedule C and/or
E
- Stated Income – Requires a 4506T, but only reveals confirmation
of filing for specified years, existence of Schedule C and/or E with
a minimal income level stating the borrower reported income greater
than or equal to XXXXX”
Please print and fax the completed tax return cover page
with signed 4506T form
Samples
1 Sample Forms Require Adobe Acrobat Reader.
Download and install
the latest version.
Call our sales department at 800-352-5882, or email us at
trv@ciccredit.com |
