Welcome!

Adobe Flex Authors: Matthew Lobas, PR.com Newswire, Shelly Palmer, Kevin Benedict

News Feed Item

Veri-Tax and Verification Bureau Adopt Adobe EchoSign to Launch IRS Form 4506-T E-Signature Solution

The IRS' approval of electronic signatures on income verification requests and Veri-Tax's newly designed e-signature solution with Adobe EchoSign platform allow for a truly paperless loan origination process

IRVINE, Calif., Jan. 7, 2013 /PRNewswire/ -- Veri-Tax, LLC, the leading provider of verification and fraud management products, and its subsidiary, Verification Bureau, LLC, have launched a Form 4506-T electronic signature solution using the EchoSign platform by Adobe in support of the IRS' commitment to accept electronic signatures on income verification requests beginning today. Once received and approved by the IRS for processing, an electronically signed Form 4506-T releases a taxpayer's previous years' income tax transcripts from the IRS to an authorized third party. This process is considered the most secure method of verifying a borrower's income during the loan origination process. Until now, the Form 4506-T was the only mortgage loan document still requiring a handwritten signature.

Veri-Tax and Verification Bureau have collaborated with Adobe, the leading electronic signature provider, to integrate Adobe EchoSign into Form 4506-T loan documents. After a lender or mortgage originator creates a tax transcript request, Veri-Tax facilitates the e-signature process directly with the borrower. This allows the borrower to validate his or her information before submitting the 4506–T to the IRS, thus minimizing IRS rejection rates and saving time in the income verification process—factors that will improve the borrower experience and ultimately lead to greater customer satisfaction. "With Adobe's high level of support and functionality, we are confident we chose the best partner to successfully provide 4506-T e-sign functionality to the verification market," said Veri-Tax Senior Director of Product Management Maria Kirgan.

Veri-Tax and Verification Bureau's e-signature solution also reduces signature forgery, lost paperwork, and distorted data, problems that a paper-based process can pose when the 4506-T is scanned, uploaded, faxed, or sent though the mail. Additionally, Veri-Tax and Verification Bureau will accept electronic signatures on the Form 4506-T from other e-sign vendors that adhere to the IRS' strict e-sign compliance guidelines.

"We anticipated releasing our 4506-T electronic signature option even before the IRS announced the e-sign pilot last year," said Veri-Tax President Michael Chon. "Today, a process that takes lenders a few days to complete can now be completed within hours, helping to further streamline the verification process and close loans faster than ever before. The reduced time, effort, and cost savings will truly benefit all parties involved."

The Adobe EchoSign Document API allows customers like Veri-Tax and Verification Bureau to integrate EchoSign's electronic signature functionality into their own applications. "We're excited to collaborate with Veri-Tax and Verification Bureau on this tremendous milestone towards ending the last mile of paper," said Kevin M. Lynch, SVP and GM of Acrobat and Document Services at Adobe. "This will truly provide automation around document workflows and accelerate signing cycles for the fast-paced world of finance."

For additional information regarding Veri-Tax's e-sign solution, contact Veri-Tax's Customer Happiness Team at (800) 969-5100 and [email protected].

About Veri-Tax, LLC
Founded in 1998, Veri-Tax, LLC provides a full array of verification and fraud management products to the mortgage lending and consumer credit industries, helping financial institutions more quickly and securely verify borrower income and identity. Veri-Tax, along with its subsidiary, Verification Bureau, offers a full suite of fraud management products including income verification, identify (SSN) verification, bankruptcy reports, mortgage fraud reports and employment verification services. The company is based in Irvine, California. For more information, call 1-800-969-5100 or visit www.Veri-Tax.com.

PRESS CONTACTS
Warren Lutz
Strategic Vantage Mortgage Public Relations
(925) 270-3941
[email protected]

Rosalie Berg
Strategic Vantage Mortgage Public Relations
(305) 971-5352
[email protected]

SOURCE Veri-Tax, LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, will present an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He will expound on the industry issues he frequently came up against as an analyst, and...
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem" ...
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
China Unicom exhibit at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. China United Network Communications Group Co. Ltd ("China Unicom") was officially established in 2009 on the basis of the merger of former China Netcom and former China Unicom. China Unicom mainly operates a full range of telecommunications services including mobile broadband (GSM, WCDMA, LTE FDD, TD-LTE), fixed-line broadband, ICT, data communica...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
SYS-CON Events announced today that Cloud Academy will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud computing technologies. Ge...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
The taxi industry never saw Uber coming. Startups are a threat to incumbents like never before, and a major enabler for startups is that they are instantly “cloud ready.” If innovation moves at the pace of IT, then your company is in trouble. Why? Because your data center will not keep up with frenetic pace AWS, Microsoft and Google are rolling out new capabilities In his session at 20th Cloud Expo, Don Browning, VP of Cloud Architecture at Turner, will posit that disruption is inevitable for c...
SYS-CON Events announced today that Telecom Reseller has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
SYS-CON Events announced today that Ocean9will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Ocean9 provides cloud services for Backup, Disaster Recovery (DRaaS) and instant Innovation, and redefines enterprise infrastructure with its cloud native subscription offerings for mission critical SAP workloads.
SYS-CON Events announced today that Cloudistics, an on-premises cloud computing company, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Cloudistics delivers a complete public cloud experience with composable on-premises infrastructures to medium and large enterprises. Its software-defined technology natively converges network, storage, compute, virtualization, and management into a ...