Verification Services

Mortgage application fraud is on the rise due to identify theft and the pursuit of the lowest interest rate available, lowering monthly mortgage payments. In 2017 mortgage application fraud increased by more than 10%. In the first quarter of 2018, had increased by 12.4 %, making the need for verifying consumer data more important than ever for lenders.

Tax Return Verification

Our clients are able to obtain up to four years of tax transcripts directly from the IRS using MFI’s direct interface.  To ensure the most efficient turn times for receipt of transcripts, MFI performs diligent quality control on each incoming order for completeness to mitigate delays and potential IRS rejections.  MFI can verify the following Internal Revenue Service documents:

  • W-2
  • 940
  • 1040
  • 1065
  • 1098
  • 1099
  • 1120

Flood Certifications

We provide flood certificates to our lenders through multiple vendor partners.  Receive the flood zone status of your applicant’s property within seconds in most cases.   Orders can be placed directly within your Loan Origination Software or within our Bundled Services platform.

Social Security Number Verification

MFI utilizes the Consent Based Social Security Number Verification Service (CBSV,) which verifies social security numbers directly with the Social Security Administration.  This service may be used to verify whether an individual’s name and social security number combination are a match with SSA records.

The Work Number

Mortgage regulations require lenders to verify income and employment information.  At MFI, employment verification reports are fully compliant with these guidelines.

We are a provider of The Work Number, with a database of thousands of small, medium and large employers nationwide.   The database is updated on a regular basis.  We provide both verification including employment history and verifications including both history and income.  The products are returned within seconds through our Bundled Services Platform.

  • Cost-effective, timely delivery of employment and income data
  • Verification meets third party compliance requirements

Verification of Deposits and Assets

Tired of the drawn-out process of collecting financial paperwork from borrowers? Let our product help you gather information fast and efficiently!

  • View your applicant’s banking history, including direct deposits, transaction descriptions, account balances, etc.
  • Access retirement funds and financial information
  • Identify fraudulent presentation of deposits and assets
  • Secure online process to received documentation