SALT LAKE CITY, Utah, May 3, 2019 (SEND2PRESS NEWSWIRE) — TRK Connection (TRK), a leading provider of mortgage quality control (QC) and origination management solutions, announced today that it has added 4506-T Income Verification from Veri-Tax, a trusted leader in verification solutions, to its flagship QC audit platform Insight Risk & Defect Management (RDM). The addition expands the range of integrated income verification providers Insight users can select to complete the post-closing QC reverification process.
“TRK’s mission is to assist lenders by making the QC audit process easier, more intuitive and more efficient, thus enabling them to effectively manage and report on loan quality,” said TRK Executive Vice President of Strategy Jeremy Burcham. “Our network of integrated reverification providers plays a key role in our ability to deliver on that promise, which is why we are pleased to add Veri-Tax to our roster of top-tier income verification providers available within Insight RDM.”
Veri-Tax’s 4506-T Income Verification service allows lenders to quickly validate income and uncover potential borrower misrepresentation. By auditing every order at multiple check-points, Veri-Tax reduces IRS rejections by 29 percent, and all tax transcripts include a customizable summary coversheet that highlights and calculates key income verification line items. The ability to order income verification from Veri-Tax directly through the Insight RDM platform, which also includes industry-first reverification eSign capabilities, enables lenders to create a paperless, streamlined reverification process designed to support lenders’ loan quality initiatives.
“We are pleased to have supported the TRK Connection team from the very early stages of their platform development and integration of our industry leading verification services. We look forward to continuing our long partnership and serving our mutual clients,” said Nick Lim, CEO of Veri-Tax.
Veri-Tax is the largest ‘pure play’ national verification specialist. Unlike competitors with more diffused if not distracted focus, Veri-Tax is sharply focused on verification services. We provide a simple but essential service to securely, reliably and promptly retrieve information (with opt-in consumer consent) from trusted third party sources. Our suite of fast and reliable ability-to-pay solutions include 4506-T Tax Transcripts, Verification of Income / Employment, SSN / EIN Verifications and Verification of Asset.
We are fortunate to have earned the trust and confidence of nearly 1000 large and mid-market clients across mortgage, banking, Fintech, financial services, education, and other industries. We ultimately differentiate ourselves on our unique “customer and employee happiness” culture rooted in positive psychology insights to drive grit, resilience, creativity, and nimbleness, and powered by a very diverse high performing team who punch above our weight.
About TRK Connection:
Founded in 2013, TRK Connection prides itself on its ability to develop technologies that allow businesses to surpass their organizational needs and meet their business objectives. As an innovator in the mortgage origination and quality assurance space, TRK continues to develop and refine solutions geared to promote and strengthen the loan origination process, pre/post-close loan audits and the defect remediation process.
Currently, TRK offers solutions that support Mortgage Audit & Quality Control (Insight Risk & Defect Management™), Loan Origination Vendor Management (Core Connect™), Complete LOS Connectivity Platforms and more. For more information, visit http://trkconnection.com.
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News Source: TRK Connection