Falsifying income is all too common on mortgage applications. Studies have shown that up to 70 percent of early payment defaults can be linked to misrepresentations in mortgage loan applications, including salary or income falsification. Lenders need a reliable and cost-effective way to prevent this type of fraud from happening.
Prevent misrepresentation of income with IDcheckDirect’s TIN Matching service.
The TIN Matching service verifies tax identification numbers against Internal Revenue Service (IRS) records. This nine digit number is issued by the IRS and is used to identify a person or a business entity. Our TIN matching service allows you to submit a TIN/name combination to be matched against IRS records online and provides instant results of the search findings.
Stop income misrepresentation before the funding process begins with IDcheckDirect’s TIN Matching service.
Find out now how easy-to-use, quick, and accurate our service is. Click here to get started.