Statistics reveal that almost 40% of applications contain false information. We help you ensure you hire high-integrity, best-fit employees by utilizing our in-house verification’s experts, exclusively trained to get you the information you need to make the right hiring decision.
VettFirst Security Verifications – Offer a better borrower experience while reducing fraud with a centralized, consistent and compliant process
Balancing loan processing consistency and compliance with superior customer service will play an important part in successfully navigating the new purchase market. VettFirst Security can lend significant expertise in providing streamlined verification’s that prevent fraud, mitigate risk and keep your business moving.
The Mortgage Industry has been inundated with federal consumer protection mandates and investor requirements that have shaped the “new normal” in lending. Underwriting guidelines will continue to evolve, but a new mantra of INDEPENDENT, 3rd PARTY VERIFICATION is here to stay: verification of employment and income, “ability to pay” (Qualified Mortgage) and verification of identity and undisclosed debt (Fannie Mae Loan Quality Initiative).
To keep pace with complex requirements and increased scrutiny, you need the expertise of a trusted partner like VettFirst Security who can deliver a comprehensive view of your borrower’s ability to repay, in one stop.
With VettFirst Security Verification Services you can rapidly obtain income and employment verification, approved by Fannie Mae and Freddie Mac, on any individual, including those with self-employed income. For additional transparency, we provide tax transcripts and identity verification. The ability to completely outsource your verification needs is now obtainable.
Employment and Income
Income Tax & Employer Verification (ITRV)
Verify past Income and Employer History with IRS Form 4506T
Combining the tax transcript with an employment and income verification provides a complete view of borrowers that allows high quality decisions based on each borrower’s ability to afford. You get both, a current pay-period view of employment and income and a complete historical income picture. This combination provides you with crucial insight into both current income status and historical income stability. The result: a powerful tool for fraud detection and risk reduction.