Verification and fraud management solutions provider Veri-Tax has integrated IRS income verification Form 4506-T and social security number verifications with three of the industry's leading mortgage technology solutions – Ellie Mae Encompass360, INTEGRA Software Systems' Destiny/Epic and Valutrust Solutions.
In addition, Veri-Tax plans to roll out integrations with SSMHub, LPS Empower, Real EC and Wipro Gallagher Solutions' NetOxygen before the end of this year.
These integrations allow originators to order income, identity and employment verification products from within their preferred mortgage management or services platform, thus reducing manual data entry and expediting the loan verification process, Veri-Tax says in a release.
"As a result of new mortgage rules coming from the Consumer Financial Protection Bureau and other state and federal agencies, income and identity verifications have become a critical part of the mortgage transaction," says Maria Kirgan, senior director of product management at Veri-Tax.
Veri-Tax already integrates with Calyx Point and MeridianLink.
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