Rapid Reporting Verification Company

Fort Worth, Texas-based Rapid Reporting is a national provider of pre-funding IRS income and identity verification products that enable financial institutions to help combat fraud. Rapid Reporting's core offerings are IncomeChek, the industry's premier IRS income verification tool, and DirectChek, which not only verifies identity with the Social Security Administration, but also meets USA Patriot Act compliance. The products operate over a secure Intranet, Web-based portal, and are used by financial institutions as an efficient and cost-effective means to confirm borrower identity and income. Rapid Reporting is the 2007 winner of the Mortgage Technology "Fix-It" award, which is granted each year for a technology tool that provides an effective solution for a particular industry problem. Until Rapid Reporting started working with the IRS and Social Security Administration (SSA), income verification took 14 to 21 days and the SSA had no mechanism to provide Social Security number verifications to the private sector. Rapid Reporting solved these problems by creating the programs that benefit the industry today: income and identity verification within 24 to 48 hours. All of Rapid Reporting's security features meet or exceed all federal, state or local requirements for maintaining data integrity. Rapid Reporting was acquired by Equifax in November, 2009, and is currently part of the TALX business unit.