The TFV Report™ utilizes the IRS Form 4506-T, but does not show any income amounts. The report simply verifies that the borrower has filed taxes for the queried years. Additionally, the report indicates if the taxpayer has filed a Schedule C or Schedule E (Profit/Loss Statement) for each year.

The TFV Report™ replaces the need for the Borrower’s CPA Letter which is usually required in the stated income loan program. Lenders know that getting the Borrower’s CPA Letter can often be a difficult and time consuming task, especially during tax season. Moreover, lenders performing due diligence must verify that the letter has been issued from a registered CPA, slowing down the verification process even more. The TFV Report™ is the ideal solution for lenders looking for a fast, simple and secure alternative to obtaining a Borrower’s CPA letter.