Tax Return Verifications (TRV)

QUICKLY VERIFY INCOME, REDUCE FRAUD

Minimize paperwork hassles for your borrower
A 4506-T verification, or TRV, is used to verify the validity of a borrower's income by referencing tax returns filed with the Internal Revenue Service. In addition to being a key element of a lender's quality control and fraud prevention efforts, originators can utilize the TRV service to streamline the loan approval process by providing a convenient method for borrowers to supply income information during the loan application process without having to search for old records that may have been lost or misplaced.

TRV services available through CCI include:

1040 Individual Income Tax Returns
W-2 Individual Tax and Wage Statements
1065 Partnership Income Tax Returns
1120 Corporation Income Tax Returns

Tax returns and wages statements can be requested for up to the previous four years and are delivered in 24-48 hours.

FNMA Update!
Fannie Mae is changing their underwriting guidelines to require lenders to add the execution of Form 4506-T with the IRS (or designee) to their written quality control plan. The new underwriting requirements apply to all application dated on or after September 1, 2009.

To read the official announcement please visit: https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0919.pdf

To order TRVs simply login to your CCI account and click on "ORDER TRV". If your account is not yet enabled for TRVs just give us a call at (800) 954-2266.