Income & Employment

In today’s complex regulatory environment, validating a borrower’s income is central to mitigating risk in lending. To help you comply with the Dodd-Frank Act and Fannie Mae’s Loan Quality Initiative (LQI) income verification requirement, we offer comprehensive risk management and compliance solutions.


4506-T income verification services leverage First American Mortgage Solution’s direct access to the IRS to securely verify three important consumer identification elements:

  • Personal or Corporate Income4506-T
  • Undisclosed Unemployment
  • Employment

To help make sure income misrepresentation won’t lead to default, the tax transcript provides a comprehensive view of personal and business income, investment income, salary and wages.

End-to-End QC Process

Due to the increased IRS response times and more standardization of IRS rejection descriptions, having a highly trained and experienced QC Team is critical for minimizing interruptions in your workflow. First American Mortgage Solutions’ end-to-end QC Process minimizes IRS rejections, saving you time and money.

  • Pre-IRS QC: Manual review stops problem requests from reaching the IRS
  • Post-IRS QC: Confirms results returned match the original order
  • IRS Reject QC: Reviews IRS rejections for validity and disputes invalid IRS rejects on behalf of the client

This solution is available as a stand-alone product or integrated with FraudGuard, powered by interthinx® analytics. When integrated with FraudGuard, you can quickly identify income and employment related risks and misrepresentations as both the results from the IRS and the enhanced analysis are viewable within the FraudGuard report.

Verification of Employment & Income (The Work Number®), a service of Equifax

The Work Number easily confirms a borrower’s ability to repay and meet the requirements set forth in the Dodd-Frank Wall Street Reform and Consumer Protection Act. Providing you with a 100% verification through an integration with FraudGuard, this solution confirms a borrower’s employment and income by placing VOE and VOI orders directly.

TheWorkNumberThe seamless process delivers results within seconds by leveraging a database of more than 200 million employment and income records from over 2,000 employers. And, if your applicant’s employment data isn’t instantly available, a manual verification can easily be initiated and completed by a dedicated team of verification specialists

The integration of The Work Number in FraudGuard includes:

  • Instant, Manual (Researched) and Reverify order types
  • Order results are viewed directly in FraudGuard and the analysis of the results are included in the overall borrower risk score
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