QuestSoft Provides IDS with Automated Income Verification Support for Electronic 4506-T Mortgage Document

LAGUNA HILLS, Calif.--()--QuestSoft, a provider of automated mortgage compliance software, has integrated its electronic 4506-T capabilities into Salt Lake City-based International Document Services’ (IDS) document preparation system idsDoc to help lenders easily and quickly order and deliver income verification forms.

The integration between QuestSoft and IDS automates the process of requesting and delivering 4506-T documents, as well as building audit reports and certificates of completion for all electronically signed documents. IDS chose to integrate with QuestSoft in order to provide a quicker turn-around time, a simpler interface for requesting electronic forms and more comprehensive reporting.

“In light of the regulatory overlays facing them, lenders are increasingly turning to electronic documents and signatures to gain much needed efficiency,” said Mark Mackey, CEO of IDS. “QuestSoft helps IDS meet that demand for efficiency by providing a faster, simpler method of verifying income via the IRS’ electronic 4506-T. The electronic 4506-T integrates completely into the idsDoc document platform, making it simple to maintain a paperless portfolio throughout the mortgage workflow.”

IDS mortgage document preparation software integrates with all major Loan Origination Systems, as well as with proprietary loan software. IDS continues to build new integrations and welcomes additional LOS partnerships. Each interface has an easy-to-use user layout that smoothly transfers all necessary loan data.

“Ever since the IRS began accepting electronic 4506-T submissions, lenders have sought to deliver an easy-to-use, secure option to their customers,” Steve Butler, senior vice president of business development at QuestSoft said. “What sets this integration apart from other verification options is the additional reporting and audit capabilities, which help lenders meet their compliance reporting demands.”

QuestSoft’s 4506-T services complement the company’s other product suites, Compliance EAGLE and Compliance RELIEF. Compliance EAGLE provides lenders with end-to-end compliance checks and investor testing, while Compliance RELIEF supports Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) reporting.

About IDS, Inc.

IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regards to major industry compliance changes. The system is backed with compliance and document guarantees. IDS succeeds with unsurpassed customer service, sophisticated technology, and a diligent compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at www.idsdoc.com or call 800.554.1872

About QuestSoft

Laguna Hills, Calif.-based QuestSoft is an established provider of comprehensive and automated compliance software and services to the mortgage, banking and credit union industries. The company’s products enable more than 1,800 banks, credit unions and mortgage companies to simplify the collection, analysis, compilation and reporting of key lending regulatory report data. For more information about QuestSoft and its products, visit the company's website at www.questsoft.com.

Contacts

For QuestSoft
Rebecca Mayo, 678-781-7221
rebecca@williammills.com
or
David Jones, 678-781-7238
david@williammills.com

Release Summary

QuestSoft has integrated its electronic 4506-T capabilities into International Document Services’ document preparation system idsDoc to help lenders easily order and deliver income verification forms.

Contacts

For QuestSoft
Rebecca Mayo, 678-781-7221
rebecca@williammills.com
or
David Jones, 678-781-7238
david@williammills.com