Miami, FL (PRWEB) February 7, 2009
Verification Bureau Inc., a leader in fraud detection and data verification solutions for the financial sector, launched LoanMod Audit, a answer which reduces the risk of re-defaults by helping lenders and servicers predict the borrower’s ability to repay a modified loan.

LoanMod Audit verifies the borrower’s income utilizing a extremely automated and paperless system, which accesses the Internal Revenue Service database utilizing the 4506-T form. This IRS direct technique is capable of delivering benefits in a matter of hours through a secure internet site or in information format through XML internet solutions. The resolution can be bundled with other goods and solutions offered via the fraudpredator.com on-line suite of data verification systems which consist of: employment, identity, collateral, and asset verification options.

LoanMod Audit provides flexible integration capabilities to practically any servicing platform, consequently enabling servicers and lenders to implement a complete and streamlined loan modification method utilizing their existing technology.

“Servicers face the increasing challenge of stopping avoidable foreclosures and assisting defaulted borrowers to maintain their houses via the loan modification initiative” said Esteban Reyes – CEO for Verification Bureau, “LoanMod Audit, supplies a dependable resolution to decrease redefaults by accurately validating the borrower’s capacity to repay the loan. Loan modification processes that are completed with the correct danger management will foster transparency in the securitization marketplace and give self-confidence back into the sector”. , he added.

To discover a lot more about the LoanMod Audit resolution get in touch with sales (at) verificationbureau.com or call 877-477-4506 Ext. 201.

About Verification Bureau
Founded in 2001, Verification Bureau is the top provider of automated IRS 4506T processing and Social Safety Number verification systems. Over 2,500 clientele and 18,000 users worldwide have screened more than 1,000,000 loan files employing their suite of verification solutions, pre-employment background screening, and fraud detection systems.
Verification Bureau delivers a free of charge plan which lenders can test for a limited time. For more information: http://www.verificationbureau.com, telephone 877-477-4506 Ext 201, or e mail sales (at) verificationbureau.com.

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