Tag Archives: Verification

Verification Bureau Partners with Lenders to Battle Loan Modifications Fraud Schemes

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Miami, FL (PRWEB) April 20, 2009

Verification Bureau Inc., a leader in fraud detection and info verification options for the monetary business, launched Loan Mod Audit which aids lenders and servicers foretell the borrower’s capability to repay a modified loan and authenticate that the applicant is truthfully under financial distress by way of revenue and employment validations.

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LoanMod Audit verifies the borrower’s revenue and employment utilizing a highly automated and paperless system, which accesses numerous databases like the Internal Income Service by making use of the 4506-T type. This IRS direct program is capable of delivering outcomes in a matter of hours by way of a safe site or in information format through XML web solutions. The answer can be bundled with other merchandise and solutions available via the fraudpredator.com on the web suite of info verification systems which consist of: identity, collateral, and asset verification options.

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“The new mortgage modification applications are now becoming hoaxed by unscrupulous folks. Some years ago they would falsely state income and employment in order to qualify for a loan. Today it is the other way around applicants shrink their revenue, fabricate paystubs, and claim unemployment even if they have a job in order to qualify for a loan modification plan. In addition, the very same “scam artist brokers” that were just before pushing fraudulent loans to investors are now counseling home owners on how to trick their loan modification programs” said Esteban Reyes – CEO for Verification Bureau, “LoanMod Audit, gives a dependable solution to not only lessen re-defaults by accurately validating the borrower’s potential to repay the loan but also to make sure the homeowner qualifies genuinely.”, he added.

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For more info about Loan Mod Audit contact 877-477-4506 Ext 201 or email sales (at) verificationbureau (dot) com.

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About Verification Bureau&#13

Founded in 2001, Verification Bureau is the top provider of automated IRS 4506T processing and Social Security Quantity verification systems. More than two,500 clients and 18,000 customers worldwide have screened more than 1,000,000 loan files using their suite of verification service and fraud detection systems. Verification Bureau provides a free of charge trial plan,which lenders can test their fraud detection tools for a limited time. For far more data: http://www.verificationbureau.com, phone 877-477-4506 Ext 201, or e mail sales (at) verificationbureau (dot) com.

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W2’s and 1099’s for 2008 Are Now Available by way of Verification Bureau’s 4506T Revenue Verification Method

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Miami, FL (PRWEB) Could 21, 2009

Verification Bureau’s 4506T revenue verification solution enables creditors and monetary institutions to confirm the applicant’s earnings in much less than 24 hours. “Creditors and economic institutions face the growing challenge of producing positive their loan applicants qualify from repayment capacity perspective. With 2008 W-2 wage and 1099 information now at their fingertips lenders can make accurate choices in much less time” said Esteban Reyes – CEO for Verification Bureau, “VB’s Income Verification remedy offers a trustworthy resolution to mitigate the threat of falsified revenue running by means of their origination and loan modification pipelines” he added.

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IRSRecords remedy is really easy to use, hugely strong and capable of delivering benefits quick by means of a secure site or in information format by means of XML net solutions. The company’s resolution can be bundled with other goods and services accessible by way of the fraudpredator.com on the internet suite of info verification systems which incorporate: employment, identity, collateral, and asset verification.

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To learn much more about the IDFraudScan Remedy speak to contact 877-477-4506 Ext. 201.

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About Verification Bureau&#13

Founded in 2001, Verification Bureau is the major provider of automated IRS direct revenue verification (via 4506T) and SSA direct Social Security Number verification systems. More than two,500 clientele and 18,000 customers worldwide have screened over 1,000,000 loan files using their suite of verification services, background screening, compliance options, and fraud detection systems.

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Verification Bureau gives a cost-free plan which lenders can test for a limited time. For far more info: http://www.verificationbureau.com, phone 877-477-4506 Ext 201.

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Rebuilding Smart – Oklahoma Contractor Licensing Precautions And Contractor License Verification For Shoppers

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New York, NY (PRWEB) June 06, 2013

The tornados in Oklahoma caused widespread devastation to houses and organizations throughout several locations. Unfortunately, soon after a organic disaster many customers fall prey to unlicensed contractors looking to take advantage of a terrible circumstance. Property owners and organizations needing repair need to confirm that their contractor is correctly licensed although contractors need to be conscious of Oklahoma contractor licensing requirements – at the state and neighborhood level.

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LicenseLogix, a major company license service provider, announced two initiatives to assist buyers and contractors through this process in an work to promote swift and legitimate rebuilding efforts. Very first, they are supplying property owners their License Verification service cost-free of charge. Second, LicenseLogix announced they will donate all earnings for each and every contractor license filed via LicenseLogix in Oklahoma to the rebuilding effort headed by United Way.

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Several general contractors, roofing contractors, electrical contractors and HVAC contractors organizing to solicit residents in Oklahoma must become licensed first. Unlicensed contractors may be subject to extreme penalties, and, following a all-natural disaster, numerous states enhance efforts to enforce contractor licensing laws. &#13

LicenseLogix aids contractors with all required license filings by operating with the government authority to ease the administrative burden on the contractor.

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The Oklahoma Building Industry Board (CIB) released a statement urging contractors and house owners to be vigilant about licenses.

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The CIB is the state agency licensing and registering more than 11,000 roofing, electrical, and &#13

mechanical (Heating, Ventilation, Air Conditioning and Refrigeration/HVAC) contractors. Anyone who is paid to carry out roofing, electrical, and mechanical (Heating, Ventilation, Air Conditioning and Refrigeration/HVAC) repair on a property must be licensed by the CIB.

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LicenseLogix assists every single kind of organization entity in researching, acquiring, and preserving their licenses or permits. LicenseLogix is an professional on enterprise and skilled licenses in a wide range of industries which includes General Contractor Licenses, Home Improvement Contractor Licenses, and Specialty Contractor Licenses such as Electrical Contractor Licenses and Roofing Contractor Licenses.

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Contractors must understand that licensing laws in Oklahoma could vary significantly from surrounding states:

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State Licensing:

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Verification Bureau Launches New Loan Modification Threat Management and Verification Technique

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Miami, FL (PRWEB) February 7, 2009

Verification Bureau Inc., a leader in fraud detection and data verification solutions for the financial sector, launched LoanMod Audit, a answer which reduces the risk of re-defaults by helping lenders and servicers predict the borrower’s ability to repay a modified loan.

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LoanMod Audit verifies the borrower’s income utilizing a extremely automated and paperless system, which accesses the Internal Revenue Service database utilizing the 4506-T form. This IRS direct technique is capable of delivering benefits in a matter of hours through a secure internet site or in information format through XML internet solutions. The resolution can be bundled with other goods and solutions offered via the fraudpredator.com on-line suite of data verification systems which consist of: employment, identity, collateral, and asset verification options.

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LoanMod Audit provides flexible integration capabilities to practically any servicing platform, consequently enabling servicers and lenders to implement a complete and streamlined loan modification method utilizing their existing technology.

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“Servicers face the increasing challenge of stopping avoidable foreclosures and assisting defaulted borrowers to maintain their houses via the loan modification initiative” said Esteban Reyes – CEO for Verification Bureau, “LoanMod Audit, supplies a dependable resolution to decrease redefaults by accurately validating the borrower’s capacity to repay the loan. Loan modification processes that are completed with the correct danger management will foster transparency in the securitization marketplace and give self-confidence back into the sector”. , he added.

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To discover a lot more about the LoanMod Audit resolution get in touch with sales (at) verificationbureau.com or call 877-477-4506 Ext. 201.

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About Verification Bureau&#13

Founded in 2001, Verification Bureau is the top provider of automated IRS 4506T processing and Social Safety Number verification systems. Over 2,500 clientele and 18,000 users worldwide have screened more than 1,000,000 loan files employing their suite of verification solutions, pre-employment background screening, and fraud detection systems.&#13

Verification Bureau delivers a free of charge plan which lenders can test for a limited time. For more information: http://www.verificationbureau.com, telephone 877-477-4506 Ext 201, or e mail sales (at) verificationbureau.com.

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