Obtaining a verified copy of a tax transcript remains a key component in determining an applicant's ability to pay. Unfortunately, the administrative tasks associated with the 4506 Consent Form can slow down the overall loan process and negatively impact the applicant's experience. As a pioneer in this field, we have been there since the inception of the IRS tax transcript program. We believe it is a useful and necessary component of a comprehensive best practice approach to financial fraud prevention. As a market leader, we can help you eliminate the need to manage a paper process by populating the 4506 with order details using our system-generated consent form. In addition, our automated system ensures that you do not have to update paper forms every time the IRS changes its format. As an innovator, we can assist in getting the 4506 form digitally signed by the applicant on your behalf, anytime, anywhere, and on any device. Our digital signature process helps eliminate some of the barriers to borrower completion while also decreasing your burden of coordinating the distribution of paper forms and sending reminders to the applicant. As your partner, we help you prevent avoidable issues that would ultimately result in IRS rejections. Our clients have realized substantial cost savings through the elimination of unnecessary IRS resubmission fees and reduced processing times. You can improve your applicant's experience by using the e-signature capture functionality of the IRS income verification service, which is already included with your service today. Please contact your account representative to learn more.
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4504 Form: What You Should Know
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