How to Send a 4506-T for eSignature

Introduction

Industry: Primarily US consumer lending but may apply elsewhere.

Use Case: Necessary verification of income and/or tax records.

The US Internal Revenue Service form 4506-T gives a party permission to obtain tax transcripts for a named taxpayer. The IRS has allowed this form to be signed electronically. In a lending use case, obtaining the borrower’s tax records is generally a critical step in the loan origination process because without it, it is generally not possible to fully underwrite the loan. Shortening the process of the taxpayer providing their permission to pull their tax transcripts generally shortens the lending cycle. Of course it may require process and technical changes but comparatively speaking, 4506-T is one of the simpler, but most impactful means of taking a first step in e-mortgage.

What is the 'Audit Log'?

The audit log in the SDX and a 4506-T context is data that is injected into the PDF as a last page that contains:

• Signer Details
• SDX Package Created Date/Time
• Consented Date/Time
• Signed Date/Time
• IP Address (where the SDX package was eSigned)
• Challenge Question Detail
• Consent Text (if using legacy consent)

Web Services

Send a package that requires challenge questions and have AUDITLOG=TRUE in the package subject metadata.

SDX Capture

Send a package via the Disclosures tab and check both the e-Signature and Audit Log checkboxes