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SharperLending partners with CIC for biometric signature capture and verification


SharperLending LLC has updated its settlement services platform and has partnered with Communication Intelligence Corporation to enable the secure acceptance of a borrower’s authorization signature electronically for tax form 4506-T.

Form 4506-T is the form required by the IRS that authorizes the ordering of Tax Return Verification documents for the purposes of verifying a borrower’s income from a mortgage loan. Form 4506-T also includes the ordering information the lender is requesting: the form names and the years that the mortgage lender needs from the IRS.

“We are excited to partner with CIC to offer an electronic signature solution to our resellers and their lender clients,” Dave Black, President and CEO of SharperLending LLC said. “The most important part of this process is equal parts efficiency, security, and ID validation. SharperLending specializes in providing users with transaction flows that include top-notch data security and ID validation while ensuring lender efficiency because of our extensive background in consumer credit reporting and mortgage technology. The IRS’s acceptance of a consumer’s 4506-T form electronically is one of the last pieces of the efficiency puzzle for the 4506-T process – and from a larger perspective for the closing of a mortgage loan electronically.”

The e-signature capturing feature was designed to maximize efficiency for lenders by fitting into their current process: lenders can request the borrower’s authorization signature electronically at the time they place the 4506-T order as a simple extension of their ordering process. The 4506-T order is then passed to the lender’s Tax Return Verification servicer/IVES vendor, who validates the request and annotates it as needed, then moves the file to securely authenticate that the borrower is who they say they are via electronic signature. Once the borrower e-signs, the file is sent to the IRS to complete the income verification process.

Reported previously in BiometricUpdate.com, CIC recently announced its support of the IRS’s recently approved electronic signature requirements, enacted this year.

CIC uses a proprietary system for biometric signature verification that the company says provides “forensic level biometric data” and allows paperless business transactions, which reduce strain on the bottom line, and expedite business.

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