Verification Bureau Adds EIN and ITIN Verification to its Fraud Prevention Arsenal

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Lenders can now use two more weapons to fight fraud.

Verification Bureau, a leading provider of fraud prevention solutions for the lending industry, announced the official launch of EIN Direct and ITIN Direct. Solutions designed to verify Employer Identification Numbers (EIN) and Individual Tax Identification Numbers (ITIN). The web-based tools require minimal data-entry and can be accessed 24/7 from anywhere in the world. Users can expect delivery of results in a matter of hours allowing them to perform EIN and ITIN verifications in pre-funding.

"As nationwide banks and smaller lending institutions are targeting undocumented immigrants with ITIN numbers in replace of a social security, we strongly recommend that they implement ITIN Direct into their quality control process," said Michael Romero, President of Verification Bureau. "Having a healthy portfolio in this segment of the market will increase the odds of Fannie Mae and Freddie Mac changing policies and purchase these type of loans in the secondary market."

EIN Direct and ITIN Direct are powered by the same technology Verification Bureau uses to deliver IRSRecords, a 4506T processing solution with results in 24 hours directly from the Internal Revenue Service (IRS).

"EIN Direct is fast and accurate method of verifying the identity of a corporation," said Robert Duncan, EVP of IT, Verification Bureau. "In addition, it is highly effective to verify the legitimacy of an employer with the click of a button."

Verification Bureau, continues to innovate through the latest technology in the verification industry. For more information about EIN Direct and ITIN Direct contact their sales department at 786-777-0316 Ext 501

About Verification Bureau

Headquartered in Miami, FL, Verification Bureau is the leading developer of fraud prevention and web-based verification solutions in the United States of America. Over 500 clients and 13,000 users nationally benefit from their online suite of verification tools and fraud prevention services.

The company's core offerings include 1003AppScan, an automated fraud filter used at pre-funding to detect inflated appraisals, property flips, identity theft, fraudulent brokers, false employment and income, and asset misrepresentation, among many others; IDFraudScan, which verifies social security numbers against data from the Social Security Administration (SSA) for identity verification purposes, and complies with section 326 of the U.S. Patriot Act (OFAC); IRSRecords, powered by a high-caliber connection to the Internal Revenue Service (IRS) to access individual and corporate taxpayer information in 24 hours for income verification purposes; PROVASiS, which is an automated property valuation tool (AVM) with built in fraud detection for property flips, ownership misrepresentation, appraisal fraud, manufactured homes, OFAC and more; ITIN Direct, used to verify Individual Tax Identification Numbers in pre-funding, and EIN Direct, an accurate method to validate Employer Identification Numbers or Federal Tax Identification Numbers.

For additional information visit, or contact the sales department at 786-777-0316 Ext 501.


Juan Carlos Perdomo

786.777.0316 Extension 201

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