SharperLending LLC Releases New Electronic Signature Capturing and ID Validation Solution for Tax Fo

SharperLending LLC Releases New Electronic Signature Capturing and ID Validation Solution for Tax Form 4506-T

Partnership with CIC Enables Secure Signature Capture and Validation, Improves Mortgage Loan Processing Efficiency for Lenders

SPOKANE, Wash.--(BUSINESS WIRE)-- Mortgage technology provider SharperLending LLC has updated its settlement services technology platform to enable the secure acceptance of a borrower's authorization signature electronically for tax form 4506-T. SharperLending has partnered with Communication Intelligence Corporation (CIC) (OTCQB:CICI) - a leading supplier of electronic signature solutions and the recognized leader in biometric signature verification - to enable this new feature.

With the Internal Revenue Service now accepting a borrower's authorization to order form 4506-T electronically instead of the traditional "wet ink" method of having a borrower manually sign the form, mortgage technology providers like SharperLending can help improve lending workflows by automating the signature capturing process.

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 for 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," says Dave Black, President and CEO of SharperLending LLC. "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."

"For nearly two years CIC worked with the MBA's ResTech workgroup and the IRS to develop a solid electronic signature framework that would be acceptable by the IRS in view of both federal and state regulations," stated Christian Wright, CIC's Director, Loan Origination and Mortgage Solutions. "Mortgage technology and data providing companies like SharperLending fit perfectly into this IRS-approved framework which will also help to reduce Form 4506-T rejections for SharperLending resellers and their lender clients."

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.

About SharperLending LLC

Headquartered in Spokane, Wash., SharperLending LLC was founded in 1989 and was the first to offer a complete Web browser-based mortgage credit reporting system on the Internet. The company's proven technology has processed more than 500 million secure mortgage transactions. SharperLending LLC has three divisions under its corporate umbrella: SharperLending Mortgage Services Division, the mortgage services, Appraisal Firewall and TRV processing platforms; SharperLending Credit Division, technology for the credit reporting industry; and SharperLending Solutions, the loan origination product packaging division. For more information, visit

About CIC

CIC is a leading supplier of electronic signature products and the recognized leader in biometric signature verification. CIC enables companies to achieve truly paperless workflow in their electronic business processes by providing multiple signature technologies across virtually all applications. CIC's solutions are available both in SaaS and on-premise delivery models and afford "straight-through-processing," which can increase customer revenue by enhancing user experience and can also reduce costs through paperless and virtually error-free electronic transactions that can be completed significantly quicker than paper-based procedures. CIC is headquartered in Redwood Shores, California. For more information, please visit our website at

SharperLending LLC
Matt Brannon, 800-452-1174

KEYWORDS: United States North America Washington


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