Settleware Partners with NCS for e-Signature of the 4506-T
NCS’ TRV® Services Fulfill Settleware Secure Services’ Mission to Provide
Full Electronic Execution of Mortgage Docs from Origination to Close
EGG HARBOR CITY, NJ | September 24, 2013 – NCS (National Credit-reporting System, Inc.), a full-service consumer reporting agency specializing in income, identity, and credit intelligence, and Settleware Secure Services, Inc., a pioneer in the implementation of electronic signature technology, have announced a partnership to provide NCS’ best-in-class income verification services to Settleware’s clients and partners.
Settleware customers may now upload 4506-T forms direct to NCS for verification with the IRS through a dedicated TRV Services tab within the Settleware platform.
“We are excited about Settleware’s decision to provide TRV Services to their clients,” said Curtis R. Knuth, executive vice president of NCS. “Settleware is now uniquely positioned to offer a complete loan solution through its wide range of mortgage, real estate, and escrow settlement professionals.”
According to Settleware President & CEO C. Richard Triola, “NCS is now a vital part of our network of industry experts and pioneers dedicated to creating a completely digital, paperless transaction. The 4506-T is one document that had held the industry back, but with the acceptance of electronically signed 4506-Ts by the IRS, and soon by the FHA, Settleware and NCS now offer lenders, REALTORS, and their customers a loan process performed entirely online – from origination to closing.”
NCS has been providing IRS Income verification products to the mortgage industry for 20 years. In 1994, the New Jersey-based company was the first IRS vendors to offer TRV Services nationwide.
For more than a decade, Newport Beach, CA-based Settleware has been a leader in bringing electronic signing capabilities to the mortgage and real estate industries, focusing on the need to complete the entire real estate and mortgage transaction over the Internet – at anytime from anywhere. Based on patented secured technology, Settleware’s real-time signing solution fully automates contract execution – collapsing to minutes a cumbersome process that often takes days or weeks.
“We look forward to having NCS as our exclusive partner for 4506-T tax return verification,” said Triola. “Their history of product development, as well as customer service, is something that drew us to the company.”
NCS’ TRV Services are unique in the marketplace, providing concise ability-to-repay insight with customizable reports based on data obtained through the IRS form 4506-T. NCS has an industry-leading IRS acceptance rate of 96% for the 4506-T forms it submits to the governmental agency on behalf its clients.
Two other products NCS offers in addition to the TRV Services are SSA CONFIRM, which validates Social Security numbers through the Social Security Administration, and the Record of Account, which combines the tax return transcript and the updated account transcript into a single report.
> National Credit-reporting System, Inc. (NCS), founded in 1978, is a full-service, consumer reporting agency specializing in income, identity, and credit intelligence. NCS provides cutting-edge, superior quality, data-driven solutions that enable its clients to meet compliance requirements and minimize risk. In 1994, NCS became the nation’s first company to 4506-T solutions nationwide. Visit www.ncstrv.com or call 800-582-7066.
About Settleware Secure Services, Inc.
Settleware® has been a pioneering leader in the area of e-Signatures and e-notarizations to the Real Estate and Mortgage Industry since 1999. Its patented secure electronic signature solution has been certified by County Recorders, Secretaries of State, MERS e-Registry and Fannie Mae – providing the only end-to-end transaction in a pure compliant, electronic, and paperless environment. Cloud computing services reduce time frames and eliminate paper-based delays by enabling users of its technology to securely send, e-Sign, return, track, and e-Vault any contract and agreement requiring signatures or initials. If you would like to learn more about Settleware, visit www.settleware.com, call 888.632.3833, or email moc.erawelttes@ofni.
This post is a press release sent by NCS to the media on September 24, 2013