Social Security Number (SSN) Verification

What is the risk?

Identity Fraud is one of the fastest growing crimes in the nation and has resulted in an explosive need for rigorous diligence and security measures. 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.

Our SSN products provide swift and concrete authentication of identity and Social Security Number history through a direct link with the US government database, providing compliance and stronger security measures to facilitate higher quality loans. Where other companies only monitor usage of a Social Security Number, we can obtain Social Security Administration verification regarding the issuance of a Social Security number to an individual.

Our state of the art technology also allows full integration and automation of delivery, while fulfilling FACTA Red Flags Rule requirements. With stronger demand to stamp out fraud comes our Veri-Tax SSN solution, the definitive identity verification service for uncompromising fraud mitigation.

The Veri-Tax Solutions

Veri-Tax offers four custom online SSN verification services designed to help lenders catch cases of identity fraud: SSN Match™, SSN Deluxe™, SSN Prime 89 and SSN Complete™

SSN Match™

SSN MatchUsing state-of-the-art document retrieval software, Veri-Tax’s SSN Match™ service allows lenders to 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 tools for lenders in need of an unparalleled SSN verification service.

SSN Match™ Features:

  • Verifies borrower’s name and SSN
  • Easy-to-read “Match” or “No-Match Result”
  • Instant turnaround time
  • No faxing or uploading of a signature release
  • Data sourcing from credit headers, public records, external databases, and partial Social Security data.

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
  • Searches US Patriot Act compliance databases

Click here to see a sample of a SSN-Deluxe Report.

 

SSN Prime89

Veri-Tax processes the Form SSA-89 to retrieve 100% accurate results on Social Security Numbers. SSN Prime 89 is the only way to receive data directly from the SSA.

SSN Prime89™ Features:

  • Provides “Match”, “No Match”, or “Deceased” result
  • Requires a borrower’s consent
  • US Patriot Act compliant
  • Fulfills FACTA Red Flag Rule requirement
  • Results within one hour

Click here to see a sample of a SSN Prime89 Report

 

SSN Complete

Veri-Tax has combined SSN Match™, SSN Deluxe™ and SSN Prime 89 reports to create one all-encompassing verification. SSN Complete is the only way to search multiple US Patriot Act databases (OFAC, FBI Most Wanted, Excluded Parties Lists, etc.) for a possible SSN match.

SSN Complete™ Features:

  • Provides SSA “Match”, “No Match”, or “Deceased” result through Form SSA-89 processing
  • Verification of SSN validity – “Yes or No”
  • Reports year and state of SSN issue
  • Indicates if SSN has ever been in the “Death Index”
  • Provides person’s name associated with SSN
  • Delivers recent and past addresses
  • Searches US Patriot Act compliance databases
  • Requires a borrower’s consent
  • Results within one hour