Miami, FL (PRWEB) April 20, 2009
Verification Bureau Inc., a leader in fraud detection and info verification options for the monetary business, launched Loan Mod Audit which aids lenders and servicers foretell the borrower’s capability to repay a modified loan and authenticate that the applicant is truthfully under financial distress by way of revenue and employment validations.

LoanMod Audit verifies the borrower’s revenue and employment utilizing a highly automated and paperless system, which accesses numerous databases like the Internal Income Service by making use of the 4506-T type. This IRS direct program is capable of delivering outcomes in a matter of hours by way of a safe site or in information format through XML web solutions. The answer can be bundled with other merchandise and solutions available via the fraudpredator.com on the web suite of info verification systems which consist of: identity, collateral, and asset verification options.

“The new mortgage modification applications are now becoming hoaxed by unscrupulous folks. Some years ago they would falsely state income and employment in order to qualify for a loan. Today it is the other way around applicants shrink their revenue, fabricate paystubs, and claim unemployment even if they have a job in order to qualify for a loan modification plan. In addition, the very same “scam artist brokers” that were just before pushing fraudulent loans to investors are now counseling home owners on how to trick their loan modification programs” said Esteban Reyes – CEO for Verification Bureau, “LoanMod Audit, gives a dependable solution to not only lessen re-defaults by accurately validating the borrower’s potential to repay the loan but also to make sure the homeowner qualifies genuinely.”, he added.

For more info about Loan Mod Audit contact 877-477-4506 Ext 201 or email sales (at) verificationbureau (dot) com.

About Verification Bureau
Founded in 2001, Verification Bureau is the top provider of automated IRS 4506T processing and Social Security Quantity verification systems. More than two,500 clients and 18,000 customers worldwide have screened more than 1,000,000 loan files using their suite of verification service and fraud detection systems. Verification Bureau provides a free of charge trial plan,which lenders can test their fraud detection tools for a limited time. For far more data: http://www.verificationbureau.com, phone 877-477-4506 Ext 201, or e mail sales (at) verificationbureau (dot) com.

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