The e-signature capturing feature was designed to maximize efficiency for lenders by fitting into their current process: lenders can request the borrower’s authorization signature electronically at the time they place the 4506-T order as a simple extension of their ordering process. The 4506-T order is then passed to the lender’s Tax Return Verification servicer/IVES vendor, who validates the request and annotates it as needed, then moves the file to securely authenticate that the borrower is who they say they are via electronic signature. Once the borrower e-signs, the file is sent to the IRS to complete the income verification process.
About SharperLending LLC
Headquartered in Spokane, Wash., SharperLending LLC was founded in 1989 and was the first to offer a complete Web browser-based mortgage credit reporting system on the Internet. The company’s proven technology has processed more than 500 million secure mortgage transactions. SharperLending LLC has three divisions under its corporate umbrella: SharperLending Mortgage Services Division, the mortgage services, Appraisal Firewall and TRV processing platforms; SharperLending Credit Division, technology for the credit reporting industry; and SharperLending Solutions, the loan origination product packaging division. For more information, visit www.SharperLending.com.
About CICCIC is a leading supplier of electronic signature products and the recognized leader in biometric signature verification. CIC enables companies to achieve truly paperless workflow in their electronic business processes by providing multiple signature technologies across virtually all applications. CIC’s solutions are available both in SaaS and on-premise delivery models and afford “straight-through-processing,” which can increase customer revenue by enhancing user experience and can also reduce costs through paperless and virtually error-free electronic transactions that can be completed significantly quicker than paper-based procedures. CIC is headquartered in Redwood Shores, California. For more information, please visit our website at http://www.cic.com.