NEW Taxdoor - Launch demo presentation oct 2015
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Transcript of NEW Taxdoor - Launch demo presentation oct 2015
![Page 1: NEW Taxdoor - Launch demo presentation oct 2015](https://reader038.fdocuments.us/reader038/viewer/2022100723/58f2b8d61a28ab0d128b45cb/html5/thumbnails/1.jpg)
Order tax returns as easy as credit.
Eliminates 4506T management labor.
![Page 2: NEW Taxdoor - Launch demo presentation oct 2015](https://reader038.fdocuments.us/reader038/viewer/2022100723/58f2b8d61a28ab0d128b45cb/html5/thumbnails/2.jpg)
Demo Flow
What is Taxdoor?
![Page 3: NEW Taxdoor - Launch demo presentation oct 2015](https://reader038.fdocuments.us/reader038/viewer/2022100723/58f2b8d61a28ab0d128b45cb/html5/thumbnails/3.jpg)
Demo Flow
Business Problem
Current Issues• Lender must receive a signed 4506T from all applicants.
• If 1040s and W2s are needed it requires two signed 4506Ts. Lender’s usually only receive one.
• IRS will reject forms if they are not properly completed or if addresses do not match tax years.
• Lender’s invest labor and time working with tax vendors to ensure forms are completed correctly.
• Tax transcripts are delivered as PDFs requiring lenders to manually enter data into loan systems.
All lenders must verify borrower income with tax data from the IRS, which is labor intensive and time consuming. There is no automated, labor free solution.
SolutionEliminate the need for the 4506T
Improve the customer experience
Advance income verification at the point of sale
Enable ordering taxes as easy as ordering a credit report
![Page 4: NEW Taxdoor - Launch demo presentation oct 2015](https://reader038.fdocuments.us/reader038/viewer/2022100723/58f2b8d61a28ab0d128b45cb/html5/thumbnails/4.jpg)
Demo Flow
Place tax order.Instant borrower
authorizationvia phone.
Instant delivery to IRS for processing.
Transcript DATA and PDF received in 48
hours.
The industry’s only one‐click tax solution.
![Page 5: NEW Taxdoor - Launch demo presentation oct 2015](https://reader038.fdocuments.us/reader038/viewer/2022100723/58f2b8d61a28ab0d128b45cb/html5/thumbnails/5.jpg)
Demo Flow
Consumer enters permission portal directly
via text (or e‐mail).
Consumer self‐verifies data. ‐ Eliminates IRS rejections
One click authorizes e‐delivery to IRS.
100% Labor Free.
Instant borrower
authorizationvia phone.
![Page 6: NEW Taxdoor - Launch demo presentation oct 2015](https://reader038.fdocuments.us/reader038/viewer/2022100723/58f2b8d61a28ab0d128b45cb/html5/thumbnails/6.jpg)
Demo Flow
Speed to OrderSLOW
After receiving signed 4506T
FASTSMS message
To Process request
Requires signed 4506T Yes No
Manual 4506T modification ‐ Reorder Yes No
Delivers tax data to forms and LOS No Yes
Rejected orders due to bad data Yes No
Lender must interact with vendor Yes No
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Demo Flow
Opens the door at the Point of SaleWhen it comes to moving the sale process forward at the point of contact, having the ability to electronically accept the consumer request for tax transcripts with a better mobile customer experience makes all the difference in a highly completive environment.
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Demo Flow
Eliminate the labor of Transcript ManagementTaxdoor solves a significant problem that lenders face—the time consuming and inefficient process of verifying a Applicant income with tax transcripts from the IRS. This typically involves the collection of a signed 4506T form from applicants, which must be reviewed and matched to the correct tax order and delivered to the lender’s tax vendor and processed into the digital vault. . (If 1040s and W2s are needed, two signed 4506T forms are required.) If the 4506T has any errors, such as an incorrect match of applicant’s address to tax year, the IRS will reject the order, requiring a repeat of the entire process. More Labor, More Vendor expense.
![Page 9: NEW Taxdoor - Launch demo presentation oct 2015](https://reader038.fdocuments.us/reader038/viewer/2022100723/58f2b8d61a28ab0d128b45cb/html5/thumbnails/9.jpg)
Demo Flow
Free trail account to take a test driveTaking demo of taxdoor allows you to set up an account , gain experience placing orders , speed borrower acceptance of transcript request. Taxdoor automated fulfillment of tax transcripts monitored and tracked 24 / 7
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Demo Flow
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