irs mortgage applicant program lacks security protections: IRS Mortgage Applicant Program Lacks Security Protections - 04/07/18 06:29 AM
IRS Mortgage Applicant Program Lacks Security Protections
 
"Federal auditors say the popular “tax transcript” program run by the Internal Revenue Service and used by millions of mortgage applicants a year lacks adequate security protections against disclosures of tax-return details to people who shouldn’t be allowed to obtain them." - Kenneth R. Harney
"Mortgage borrowers routinely fill out an IRS Form 4506-T, which grants permission for third-party vendors to access their tax records and send them to banks and mortgage companies. Lenders use the service to verify applicants’ income. A key security issue in the mortgage-related portion of the program is whether the third-party “requester” … (11 comments)

 


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