TRV (Tax Return
Verification) Reportsprovide
a streamlined method of verifying a borrower’s tax information
by electronically comparing the income-related lines
of the borrower’s tax return with the same lines on
file at the Internal Revenue Service.
This data can
be obtained on any individual or business that has authorized
the release of this information in connection with an
application for credit or a similar consideration. Any variations uncovered are highlighted
in an easy-to-read report..
TRVs offer further protection
against fraud by including verification that the applicant’s
information matches Social Security Administration
and IRS files.
In addition, the TRV cash flow analysis
can be updated to complete all calculations for the
underwriter with IRS-validated data, assuring lenders
that the original IRS figures have not been manipulated.
To obtain a TRV electronically, a lender or mortgage
broker simply needs to receive authorization from
the potential borrower.
Additional fraud protection is also
available through the use of Total ID™,
Credit Plus’ comprehensive identity verification and
application analysis service. By comparing application
data to multi-source databases, Total ID is able to
provide the information necessary to make decisions.
Download » TRV Order Form [ Fill this form and fax your order to 800.258.3287 ]
" Do you know you can submit the order electronically, without faxing ?" To speak to your Account Executive for information about this feature or any other questions regarding TRV Reports » click
here
