Recent federal studies have shown that Identity Fraud is one of the fastest growing white collar crimes in the US today. Perpetrators steal the Social Security Numbers (SSN) of US taxpayers then target retail establishments and financial institutions with fraudulent purchases and loan applications. As identity thieves have become more sophisticated in their methods, they have started targeting mortgage lenders as well. According to the FBI, Financial Institution Fraud results in net losses that are 100 times greater than losses from all of the nation’s bank robberies combined.
Veri-tax offers two custom online SSN verification services designed to help lenders catch cases of identity fraud.
SSN Match™
Using state-of-the-art document retrieval software,
Veri-tax's SSN Match™ service allows lenders to immediately verify that the borrower’s name matches with the name attached to the SSN given on the loan application. Quick and simple, SSN Match™ is the perfect tool for lenders in need of an uncomplicated SSN verification service.
SSN Match™ Features:
- Verification of subject’s name and SSN
- Easy-to-read “Match” or “No-Match Result”
- Instant turnaround time
- Viewable and downloadable in PDF format
Click
here to see a sample of a SSN-Match Report.
SSN Deluxe™
For those in need of more borrower data than is offered with the SSN Match™ service, the
Veri-tax SSN Deluxe™ package is the ideal solution. The Deluxe package offers the same instant turnaround time as SSN Match, but provides more information such as the SSN’s validity, year and state of issue, recent and past addresses and “Death Index” status.
SSN Deluxe™ Features:
- Requires only subject’s SSN
- Verification of SSN validity – “Yes or No”
- Reports year and state of SSN issue
- Indicates if SSN is in “Death Index”
- Provides person’s name associated with SSN
- Delivers recent and past addresses
- Instant turnaround time
Click
here to see a sample of a SSN-Match Report.