HI Gang, The following is a service performed by CBC-Companies.com, an EQ affiliate. http://www.cbc-companies.com/realmisc.htm * TRV (Tax Return Verification): Requests 1, 2, or 3 years of income tax information. Report compares data and highlights potential fraud for you when comparing line items from borrower's 1040 with the IRS's 1040. I'm going to be demanding a copy of this consumer report and will let ya know what happens. They just ain't gonna quit.
Butch- Tax verification has been around for awhile...you have to sign a release allowing them to request your IRS w-2 transcripts so that they can compare it to the returns you submitted...its basically an income verifiaction software. So if a mortgage broker asks you to sign a release for this info and you have something to hide....go to another broker! Or apply for a no income verification mortgage. clc
This seesm like it should not be legal - although it probably is, but I am really uncomfortable with the thought of strangers out there in credit land pulling my tax info. Wow.
Hey, Butch !!! Thanks for the scouting around that you do. You always seem to come up with some interesting sites. Maggie
yep that's my guy...the hunka' hunka, hubba' hubba', lollapalooza law researchin' lovin' manly man...GO Butch!!!!
Butch, Basically it is an income verification software. What it does is request your irs transcript and then compares it with the returns you submitted as part of your mortgage application process. This cannot be done without your knowledge. It is against the law for the IRS to furnish anyone your irs info unless you sign a release or power of attorney. So in answer to your question...no...it is not a publicly accessible report. Your w-2 info is not publicly available to anyone. Hope this answers your question, hunka' hunka' ;+}}}} clc
