Miami, Florida
–July 21, 2005- Verification Bureau,
a leading provider of fraud prevention solutions for the lending industry, announced
the official launch of EIN Direct and ITIN Direct. Solutions designed to verify
Employer Identification Numbers (EIN) and Individual Tax Identification Numbers
(ITIN). The web-based tools require minimal data-entry and can be
accessed 24/7
from anywhere in the world. Users can expect delivery of results in a matter of
hours allowing them to perform EIN and ITIN verifications in pre-funding.
“As nationwide banks
and smaller lending institutions are targeting undocumented immigrants with ITIN
numbers in replace of a social security, we strongly recommend that they implement
ITIN Direct into their quality control process,” said Michael
Romero, President of Verification Bureau, “Having a healthy portfolio in this segment of the market
will increase the odds of Fannie Mae and Freddie Mac changing policies and purchase
these type of loans in the secondary market.”
EIN Direct and ITIN Direct
are powered by the same technology Verification Bureau uses to deliver IRSRecords,
a 4506T processing solution with results in 24 hours directly from the Internal
Revenue Service (IRS).
“EIN Direct is fast and
accurate method of verifying the identity of a corporation,” said Robert Duncan,
EVP of IT, Verification Bureau, “In addition, it is highly effective to verify the
legitimacy of an employer with the click of a button.”
Verification Bureau,
continues to innovate through the latest technology in the verification industry.
For more information about EIN Direct and ITIN Direct contact their sales department
at 786-777-0316 Ext 501
About Verification Bureau
Headquartered in
Miami
,
FL
, Verification Bureau is the leading developer of fraud prevention and web-based
verification solutions in the
United
States of America
. Over 500
clients and 13,000 users nationally benefit from their online suite of
verification tools and fraud prevention services.
The company’s core offerings include
1003AppScan,
an automated fraud filter used at pre-funding to detect inflated appraisals, property
flips, identity theft, fraudulent brokers, false employment and income, and asset
misrepresentation, among many others; IDFraudScan, which verifies social
security numbers against data from the
Social Security Administration (SSA) for identity verification purposes, and complies
with section 326 of the U.S. Patriot Act (OFAC); IRSRecords, powered by a high-caliber
connection to the Internal Revenue Service (IRS) to access individual and corporate
taxpayer information in 24 hours for income
verification purposes; PROVASiS,
which is an automated property valuation tool (AVM) with built in fraud detection
for property flips, ownership misrepresentation, appraisal fraud, manufactured homes,
OFAC and more; ITIN Direct, used to verify
Individual Tax Identification Numbers in pre-funding, and EIN Direct, an accurate
method to validate Employer Identification Numbers or Federal Tax Identification
Numbers.
For additional information visit http://www.verificationbureau.com, or contact the sales department at
786-777-0316 Ext 501.