NCS and Mortgage Industry Leaders Encourage the IRS to Improve the 4506-T / 4506T-EZ’s Ease of Use

EGG HARBOR CITY, N.J.--(BUSINESS WIRE)--NCS, Inc., a risk analysis leader retailing its TRV(R) branded services through 150 plus credit reporting agencies throughout the United States, announced today that the effective period of the IRS authorization forms used to retrieve the information that populates its TRV (R) Services had doubled, from a 60 day window to 120 days. The IRS forms 4506-T and 4506T-EZ are both used to retrieve income and TIN (Taxpayer Identification Number) verification from the IRS, most often in connection with a transaction through a benefit provider, such as a mortgage lender.

“NCS has lobbied the IRS for this change for a very, very long time. We’re happy to see the IRS respond to our efforts along with the push of trade associations and many industry participants towards this common goal”

This change in IRS policy is in response to the problematic and limited 60 day window the IRS provided lenders to use a 4506-T or 4506T-EZ to verify taxpayer income. Often times, lenders required the consumer to sign and date the forms multiple times, usually at origination, closing and in a growing trend, during servicing.

“This procedure change will lessen the paperwork the IRS, borrowers and lenders are required to handle and process,” said NCS Senior Vice President of Government/Industry and former IRS Senior Manager, Cecil Bowman.

NCS customers are well positioned to take full and quick advantage of the new procedures with TRV (R) Services.

“NCS has lobbied the IRS for this change for a very, very long time. We’re happy to see the IRS respond to our efforts along with the push of trade associations and many industry participants towards this common goal,” said Bob Knuth, President and CEO of NCS.

About NCS, Inc.

NCS, Inc. is a leader in risk reduction services with the distinction of being the first organization in 1994 to offer IRS & SSA income and TIN verification nationwide. Since 1987, NCS has offered advanced quality products and services to professionals in and outside the mortgage industry with the customer service mantra of, "beyond the expected."

NCS and its credit reporting affiliate NCS/Credit Central, Inc. are headquartered in Egg Harbor City, NJ. For further information on NCS and the TRV(R) Alliance, please call (800)-582-7066, or visit www.ncstrv.com.