Veri-Tax
Veri-Tax is a privately held verification services company that provides income and employment verification, 4506-C tax transcript retrieval, and SSN/EIN validation to over 1,000 mortgage lenders, banks, and financial institutions across the United States.
- Company typePrivate
- Founded2003
- HeadquartersIrvine, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Veri-Tax does
Veri-Tax, LLC is a privately held verification services company headquartered in Irvine, California, operating as a 'pure play' national specialist in Income and Employment Verification (VOI/VOE), 4506-C Tax Transcripts, and SSN/EIN Verification. The company operates a secure online platform that allows mortgage lenders, banks, and other financial institutions to place, retrieve, and monitor verification orders in real time, with features including digital VOE completion by employers, authentication codes that confirm IRS transcript authenticity, and an intelligent employer database covering over 4 million HR/Payroll records used to independently validate employer information.
The product portfolio consists of four core services — Verification of Income, Verification of Employment, 4506-C Tax Transcripts, and SSN/EIN Verification — plus the Veri-Fy™ add-on module, which authenticates IRS tax transcripts directly from the IRS database and enables correspondent lenders to re-verify income data without re-issuing a 4506-T. The platform is delivered through a web portal and embedded integrations with major mortgage technology systems including Ellie Mae's Encompass Partner Connect, Blend, TRK Connection's Insight RDM QC platform, Informative Research, and Docutech. Veri-Tax holds SOC 2 Type 2 certification and is an approved vendor under Fannie Mae's Day 1 Certainty program.
Veri-Tax generates revenue through transaction-based fees for verification orders and serves over 1,000 large and mid-market clients across mortgage, banking, Fintech, financial services, healthcare, education, and other industries, with named customers including LoanDepot, AmeriFirst Financial, Duncan Financial Group, John Adams Mortgage, Summit Mortgage Corporation, and Alcova Mortgage. The company employs 51-100 people across distributed offices in Irvine (headquarters), Tempe (customer service), Pittsburgh (account management), and Anchorage (IT/systems engineering), and sells primarily through direct enterprise sales augmented by integration partnerships with mortgage technology platforms.
Veri-Tax firmographics
Firmographics- Name
- Veri-Tax
- Legal name
- Veri-Tax, LLC
- Website
- https://veri-tax.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Veri-Tax is a privately held verification services company that provides income and employment verification, 4506-C tax transcript retrieval, and SSN/EIN validation to over 1,000 mortgage lenders, banks, and financial institutions across the United States.
- Ownership category
- akta.pro rank
Veri-Tax industry classification
Industry- Product category
- Verification Services
- NAICS
- Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412)
- SIC
- Services-Computer Processing & Data Preparation (7374)
- akta.pro primary industry
- Income & Employment Verification (VOI/VOE, payroll-linked data) (FSAGACAE)
- akta.pro secondary industries
- Identity Verification & Digital ID (IDV, eIDAS, biometrics) (FSAGAFAA), Payroll Tax Filing, Compliance & Remittance (BPACAIAC)
Keywords
Where Veri-Tax is headquartered
LocationHeadquarters
- HQ city
- Irvine
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Veri-Tax business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Verification Services: Veri-Tax generates revenue through transaction fees for verification services including Verification of Income (VOI), Verification of Employment (VOE), 4506-C Tax Transcripts, and SSN/EIN Verification. Services are performed on behalf of customers (lenders, financial institutions) with consumer consent to retrieve information from trusted third-party sources.
- Veri-Fy™ Authentication: Free instant verification solution that allows lenders to re-verify submitted income data using original authentication codes, without the time and cost of processing a new 4506-T request.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Enterprise/Institutional Pricing |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels8 records
Veri-Tax product offering
Product offeringCore offering
Veri-Tax is the largest "pure play" national verification specialist that provides Income and Employment Verification (VOI/VOE), 4506-C Tax Transcripts, SSN/EIN Verification, and the Veri-Fy™ instant IRS transcript authentication product to mortgage lenders, banks, and financial institutions. Services are delivered through a secure online platform, via API integrations into major loan origination systems (e.g., Encompass Partner Connect), and through embedded partner platforms (Informative Research, TRK Connection), retrieving data from trusted third-party sources such as the IRS, SSA, payroll providers, and an internal database of 4 million employer records.
Product overview
Veri-Tax is a 'pure play' national verification specialist offering a suite of income and employment verification services. The core product portfolio consists of Verification of Income (VOI), Verification of Employment (VOE), 4506-C Tax Transcripts, and SSN/EIN Verification services. The company operates as a centralized platform providing these services through an online portal with real-time order tracking. A key add-on module is Veri-Fy™, which allows lenders to instantly re-verify previously processed IRS tax transcripts using unique authentication codes, reducing costs and fraud risk. Services are delivered via web portal, Encompass Partner Connect integration, and various partnership integrations with mortgage technology platforms. The company differentiates on fast turn times and a 'Customer Happiness' service culture.
Differentiator
Problem solved
Functional benefit
Products and services
- Verification of Income (VOI) Income verification service that authenticates borrower income data from trusted third-party sources for mortgage lenders and other financial institutions during loan origination.
- Verification of Employment (VOE) Employment verification service that confirms a borrower's employment status, position, and salary information directly from employers to support mortgage and lending decisions.
- 4506-C Tax Transcripts Service for retrieving IRS tax transcripts via Form 4506-C, providing direct-from-IRS income verification to validate tax return data for mortgage and consumer lending purposes.
- SSN / EIN Verification Social Security Number and Employer Identification Number verification service that validates identity and business-entity information from the SSA to support compliance and fraud prevention.
- Veri-Fy™ Instant verification tool that authenticates that IRS tax transcripts have been delivered directly from the IRS database by using unique authentication codes, allowing correspondent lenders to re-verify income data without the time and cost of processing a new 4506-T request.
Quantifiable outcome
- Income fraud risk increased 27.3% Q2 2022 vs Q2 2021 (CoreLogic), making independent verification essential for lenders
- +1 more outcomes
Companies that use Veri-Tax
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Veri-Tax technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
Feature4 records
Veri-Tax partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- Informative ResearchcoreInformative Research, a leading technology platform delivering data-driven solutions to the lending community, announced integration of Veri-Tax's verification services into their platform to improve mortgage verification services for their clients.
- Encompass Partner Connect (EPC)coreVeri-Tax integrated into Encompass Partner Connect (EPC), the new API platform offering clients improved design, easier navigation, error identification, real-time comments, order history, and automatic report delivery to eFolder upon completion.
- TRK ConnectioncoreTRK Connection, a leading provider of mortgage quality control (QC) and origination management solutions, added 4506-T Income Verification from Veri-Tax to their flagship QC audit platform (Insight RDM), expanding the collection of income verification providers available.
- Fannie Mae Day 1 CertaintycoreVeri-Tax is an approved vendor for Fannie Mae's Day 1 Certainty program, providing compliant verification services that meet GSE requirements for lenders.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Veri-Tax competitors and assessment
Company assessmentBroad incumbents
- Equifax Workforce Solutions (The Work Number): Equifax Workforce Solutions operates The Work Number database, the dominant employment and income verification database in the U.S. It directly competes with Veri-Tax's VOI/VOE services and serves the same mortgage, banking, and HR customer base, but as part of Equifax's broader data and analytics portfolio.
- Informative Research: Informative Research is a data-driven credit and verification technology platform serving the lending community. It integrates Veri-Tax as one of several verification providers on its platform, and broadly competes in the same mortgage verification category.
- Mortgage Cadence (Accenture): Mortgage Cadence, an Accenture-owned loan origination platform, integrates third-party verification services including VOI/VOE within its LOS. It is adjacent to Veri-Tax through verification partnerships and lender distribution overlap.
Direct peers
- Truework: Truework is a digital VOI/VOE platform that uses consumer-permissioned payroll connections to deliver instant income and employment verifications. It directly competes with Veri-Tax in the mortgage lending vertical and targets the same fintech-forward lender customers.
- Argyle: Argyle provides consumer-permissioned access to payroll and employment data through API integrations, enabling real-time VOI/VOE. It competes with Veri-Tax by offering a direct-to-source alternative to manual employer outreach for mortgage and consumer lending.
- FormFree: FormFree offers digital asset, income, and employment verification solutions for the mortgage industry, including AccountChek for VOI. It is an approved Fannie Mae Day 1 Certainty vendor and competes head-to-head with Veri-Tax for lender verification spend.
- DataVerify: DataVerify provides fraud prevention, property data, and verification services to the mortgage industry. It overlaps with Veri-Tax's VOI/VOE and SSN verification offerings for mortgage lenders and banks.
- Springboard (Veritas Data Research): Springboard / Veritas Data Research provides mortgage verification services including VOI, VOE, and flood determination. It competes directly with Veri-Tax for correspondent and retail lender verification orders.
Emerging players
- Plaid: Plaid's payroll connectivity infrastructure underpins much of the consumer-permissioned income verification ecosystem. While not a direct VOE provider, Plaid's open-banking rails compete with Veri-Tax's traditional verification approach and are increasingly embedded in lender LOS workflows.
- Finicit (formerly Newton Software): Finicit provides HR and verification technology used by lenders and employers for employment verification and related workflows. It competes with Veri-Tax in employer-facing VOE processes and HR-integrated verification rails.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Veri-Tax social profiles
Digital presenceVeri-Tax compliance and trust
Trust signalCompliance1 record
Veri-Tax financial estimates
Financial estimateRevenue estimate
Valuation estimate
Veri-Tax leadership team
Management profileNumber of profiles
Profiles5 records
Veri-Tax funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Veri-Tax M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Veri-Tax
What does Veri-Tax do?
Veri-Tax is the largest "pure play" national verification specialist that provides Income and Employment Verification (VOI/VOE), 4506-C Tax Transcripts, SSN/EIN Verification, and the Veri-Fy™ instant IRS transcript authentication product to mortgage lenders, banks, and financial institutions. Services are delivered through a secure online platform, via API integrations into major loan origination systems (e.g., Encompass Partner Connect), and through embedded partner platforms (Informative Research, TRK Connection), retrieving data from trusted third-party sources such as the IRS, SSA, payroll providers, and an internal database of 4 million employer records.
Is Veri-Tax a public or private company?
Veri-Tax is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Veri-Tax founded?
Veri-Tax was founded in 2003. It employs 51 to 100 people.
Where is Veri-Tax based?
Veri-Tax is headquartered in Irvine, United States, in the North America region.
How does Veri-Tax make money?
Two revenue lines are on record. Verification Services are the primary driver. The others are veri-Fy™ Authentication.
Who are Veri-Tax's main competitors?
Broad incumbents on record are Equifax Workforce Solutions (The Work Number), Informative Research and Mortgage Cadence (Accenture). Direct peers are Truework, Argyle, FormFree, DataVerify and Springboard (Veritas Data Research). Emerging players are Plaid and Finicit (formerly Newton Software).
Does Veri-Tax have an API?
No public API is recorded for Veri-Tax.
What industry is Veri-Tax in?
Veri-Tax's product category is Verification Services. Its primary akta.pro industry code is FSAGACAE, Income & Employment Verification (VOI/VOE, payroll-linked data), with a secondary code of FSAGAFAA, Identity Verification & Digital ID (IDV, eIDAS, biometrics). Its NAICS code is 5412 and its SIC code is 7374.