Miami, FL (PRWEB) February 7, 2009
Verification Bureau Inc., a chief in fraud detection and data verification options for the monetary market, released LoanMod Audit, a resolution which lowers the chance of re-defaults by helping loan companies and servicers forecast the borrower’s capacity to repay a modified loan.
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LoanMod Audit verifies the borrower’s earnings making use of a extremely automatic and paperless system, which accesses the Interior Earnings Service databases employing the 4506-T type. This IRS direct program is capable of providing final results in a matter of hours through a secure web site or in data format via XML web companies. The solution can be bundled with other goods and services obtainable by means of the fraudpredator.com on-line suite of data verification techniques which consist of: work, identification, collateral, and asset verification remedies.
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LoanMod Audit supplies adaptable integration capabilities to practically any servicing platform, consequently enabling servicers and loan providers to employ a comprehensive and streamlined financial loan modification method employing their present technologies.

“Servicers experience the escalating problem of preventing avoidable foreclosures and helping defaulted borrowers to hold their homes by way of the loan modification initiative” mentioned Esteban Reyes – CEO for Verification Bureau, “LoanMod Audit, provides a reputable answer to minimize redefaults by properly validating the borrower’s capacity to repay the loan. Financial loan modification processes that are accomplished with the proper risk administration will foster transparency in the securitization market place and supply self-confidence again into the industry”. , he added.
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To find out far more about the LoanMod Audit answer get in touch with product sales (at) verificationbureau.com or phone 877-477-4506 Ext. 201.
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About Verification Bureau
Started in 2001, Verification Bureau is the major company of automatic IRS 4506T processing and Social Security Quantity verification methods. In excess of two,five hundred clientele and 18,000 end users throughout the world have screened more than 1,000,000 mortgage information employing their suite of verification companies, pre-employment background screening, and fraud detection systems.&#thirteen
Verification Bureau offers a free of charge plan which loan companies can test for a limited time. For more data: http://www.verificationbureau.com, mobile phone 877-477-4506 Ext 201, or email sales (at) verificationbureau.com.

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