Income & Employment

We are an Authorized Report Supplier for 4506-T.  4506-T income verification services leverage First American Mortgage Solution’s direct access to the IRS to securely verify consistency of the borrower income, identity and employment data in an automated, quick process.

Our services include the Record of Account transcript which contains every admendment that occurred after filing, so items such as tax liens, collection, wage garnishment, IRS audit investigations and other issues are revealed.

The tax transcript provides a comprehensive view of personal and business income, investment income, salary and wages.

We are a Report Distributor for Equifax®'s The Work Number®.  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.

The seamless process delivers results within seconds by leveraging a database of more than 200 million employment and income records from over 5,500 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

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 First American Data & Analtyics FraudGuard solution. When integrated with FraudGuard, you can quickly identify income and employment related risks and misrepresentations. Results from both, the IRS and the enhanced analysis are viewable within the FraudGuard report. 

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