Credit Plus, Inc. Introduces FACTCheck™ for more consistency and accuracy to the tax transcript analysis process
March 15, 2016
Salisbury, Md., March 15, 2016 – Credit Plus, a provider of intelligent insight for mortgage professionals, announced today the availability of FACTCheck, a new “fact checked” report that can be added to IRS 4506-T orders. The report provides lenders with an overview of income reported to the IRS, calculates and summarizes historical income and determines income stability. At the same time, FACTCheck tests for ATR compliance and identifies what further action and any additional supporting documents, if any, are needed.
By adding this product to 4506-T orders, lenders can accelerate their process to just minutes per loan, eliminate manual underwriting errors, and show that due diligence was performed which assists with the sale of loans to the secondary market.
“FACTCheck streamlines the tax transcript analysis process into an auditable format which helps lenders speed up, standardize, and document their underwriting process,” said Greg Holmes, National Director of Sales and Marketing at Credit Plus. “The report offers our customers a way to improve their income quality analysis and results while reducing their legal and repurchase risks.”
About Credit Plus, Inc.
Credit Plus, Inc. provides intelligent insight to mortgage professionals so they can make smart lending decisions. Headquartered in Salisbury, Md., the company is a third-party verifications specialist offering more than 160 products and services for mortgage professionals, including credit reports, scoring tools, Deposit and Asset Verifications, Employment Verifications, Tax Return Verifications, fraud prevention tools, Undisclosed Debt Verifications, flood reports, appraisals, and more. Its expertise in the mortgage industry enables it to quickly assess current and future needs, and provide new solutions for a rapidly changing environment. Credit Plus moves mortgage professionals forward.
For more information, please call Credit Plus at (800) 258-3488, e-mail firstname.lastname@example.org or visit the company’s website at www.creditplus.com.