Click here to close now.




















Welcome!

IoT User Interface Authors: Bob Gourley, Felix Xavier, Tad Anderson, Dave Burlington, Liz McMillan

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.

@CloudExpo Stories
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Contrary to mainstream media attention, the multiple possibilities of how consumer IoT will transform our everyday lives aren’t the only angle of this headline-gaining trend. There’s a huge opportunity for “industrial IoT” and “Smart Cities” to impact the world in the same capacity – especially during critical situations. For example, a community water dam that needs to release water can leverage embedded critical communications logic to alert the appropriate individuals, on the right device, as...
Manufacturing connected IoT versions of traditional products requires more than multiple deep technology skills. It also requires a shift in mindset, to realize that connected, sensor-enabled “things” act more like services than what we usually think of as products. In his session at @ThingsExpo, David Friedman, CEO and co-founder of Ayla Networks, will discuss how when sensors start generating detailed real-world data about products and how they’re being used, smart manufacturers can use the ...
In his session at @ThingsExpo, Lee Williams, a producer of the first smartphones and tablets, will talk about how he is now applying his experience in mobile technology to the design and development of the next generation of Environmental and Sustainability Services at ETwater. He will explain how M2M controllers work through wirelessly connected remote controls; and specifically delve into a retrofit option that reverse-engineers control codes of existing conventional controller systems so the...
To assist customers with legacy Windows Server 2003 that is no longer supported by Microsoft, Racemi has introduced fixed price packages for upgrading and migrating Windows Server 2003 servers to either Windows 2008 R2 or Windows 2012 R2 and the choice of Amazon Web Services (AWS) or SoftLayer cloud. "We're extending a lifeline by upgrading the legacy servers to more modern Windows Server platforms while taking advantage of cloud computing," said James Strayer, vice president of product managem...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
All major researchers estimate there will be tens of billions devices - computers, smartphones, tablets, and sensors - connected to the Internet by 2020. This number will continue to grow at a rapid pace for the next several decades. With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo, November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Learn what is going on, contribute to the discussions, and e...
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, will provide the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” uses open source attack tools that are free and available for download by anybody. Attendees will learn where to find and how to operate these tools for the purpose of testing their own IT infrastructu...
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
U.S. companies are desperately trying to recruit and hire skilled software engineers and developers, but there is simply not enough quality talent to go around. Tiempo Development is a nearshore software development company. Our headquarters are in AZ, but we are a pioneer and leader in outsourcing to Mexico, based on our three software development centers there. We have a proven process and we are experts at providing our customers with powerful solutions. We transform ideas into reality.