Your Secure Verification Hub
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Eliminate Risk and Reduce Exposure to Fraud
Secure "Best in Class" Platform:
CFPB & ISO 27002 Compliant
Data Comes directly from our
Banking Clients, IRS, SSN
Consolidate Vendors to a Single Source Verification Hub
Secure Web Based Verification Platform
Bank VOD allows you to perform the following verifications:
Verification of Deposit
For Mortgage Brokers / Processors to obtain
account balances as part of the loan qualification process.
For Mortgage Auditors and Quality Control Firms to validate accuracy of
Retroactive Consumer Account
information and detect fraud.
Business Inquiry/ Commercial Audit
Commercial Account Inquiries
as a means to validate banking information in support of an audit, current transaction or extension of credit.
IRS Tax Transcripts
Form 4506T used by mortgage lenders and others within the financial community to confirm the income of a borrower during the processing of a loan application.
Current balance, 2 month average balance and date opened for checking and current balance and date opened for savings accounts.
Accuracy of Verification of Deposit Form or Bank Statements as of the date it was originally processed.
Date opened, account type and average balances. Account numbers is REQUIRED to identify customer & produce a response.
The IRS provides return transcript, W-2 transcript and 1099 transcript information for individuals or businesses.
Technology Partner Of:
Associated Press | AP - Fri, Aug 12, 2011
FBI's Annual Report on Mortgage Fraud
"The most prevalent schemes involve falsifying financial information to qualify buyers who otherwise would be ineligible for a loan".
Verifies whether a name and Social Security Number (SSN) combination match the data in SSA’s records. The submitted information is matched against SSA’s Master File of Social Security Numbers (SSNs).
Verification of Employment
Requests for Verification Employment and Wage information on both current and prior employees.
Obtain a current Payoff Figure for a loan account.
Social Security Number, name, date of birth and a gender code if available.
Average three years wage history, dates of employment, status, and job title(s).
Payoff Figure as of date/time of inquiry.
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