NASHVILLE, Tenn. /eNewsChannels/ — NEWS: Tax Return Verifications and LendingQB announced today the release of an interface to order and receive tax returns seamlessly within the LendingQB loan origination system. TaxReturnVerifications.com, a service of CIC Mortgage Credit, Inc., hails the integration as a partnership between two companies to help lenders reduce costs and shorten the loan approval process.
The interface is completely seamless to the end user, with LendingQB and TaxReturnVerifications.com communicating in the background to complete the transaction and return transcripts within 24 to 48 hours.
“Electronic tax return verifications have helped speed transcript ordering, but having our service tightly embedded into the LendingQB LOS allows us to close the gap between lenders, borrowers, and the IRS,” said Mike Thomas, operations manager at CIC.
TaxReturnVerifications.com utilizes e-signatures and a proprietary credentialing process that enables borrowers to securely sign 4506-T online forms and submit the request to the IRS within minutes of ordering from LendingQB. When transcripts are returned from the IRS, TaxReturnVerifications.com generates both a PDF file and XML data that is automatically imported into the LendingQB system, with automatic e-mail notifications sent to users.
“Our goal is to make the user experience as simple and efficient as possible,” said Binh Dang, president of LendingQB. “Whether it’s getting credit report information, generating closing documents, or verifying tax return information, we want to partner with companies that share our Lean Lending philosophy of streamlining processes in an effort to reduce a lender’s cost. The interface with TaxReturnVerifications.com is a great example of how we’re reaching this goal.”
About Tax Return Verifications:
TaxReturnVerifications is a service of CIC Mortgage Credit, Inc., a Meeker Enterprises Company. Based in Tampa, Florida, TaxReturnVerifications.com uses advanced technology and quality service to ensure a rapid, reliable and secure method of verifying consumer tax return information directly with the Internal Revenue Service. For more information, visit http://www.taxreturnverifications.com/ or call (615) 250-2005.
About LendingQB:
LendingQB is a Costa Mesa, California-based company that specializes in loan origination technology solutions and services for the mortgage industry. The LendingQB LOS is a 100% Web-based, true end-to-end enterprise-class loan origination platform. The solution is designed to meet the needs of all types of mortgage lenders – large or small, wholesale or retail, correspondent or Internet-based-with specialized tools that are targeted, customizable and flexible. LendingQB uses a consultative technology assessment approach before engaging with new clients, and places a strong emphasis on the utilization of data analytics to assist lenders in leveraging business intelligence, resulting in optimized organizational performance and lowered cost per loan. For more information about LendingQB, please call 888-285-3912 or visit http://www.lendingqb.com/ .
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