Overview
Submit a 4506-C Direct order to request business tax transcripts for income verification using a signed 4506-C form.
Submit the order
Follow these steps to submit a 4506-C Direct order for business transcripts on the AutomatIQ® Borrower Portal.
Visit the AutomatIQ® Borrower Portal and sign in using your credentials.
Click Start a New Loan.
Enter your Loan Number.
Select Tax Transcripts.
Select 4506-C.
Enter the required Applicant Information. Required fields include:
First Name
Last Name
SSN
If applicable, click Add Applicant to add another applicant, then enter the required information.
Click Next.
Select Business.
Enter a Business Name.
Enter the business Tax ID.
There are two options for uploading the signed 4506-C form:
Option 1: Wet Signed: Click Upload 4506-C Form, then locate and select the completed, wet-signed 4506-C form from your local drive.
Option 2: eSigned:
Select the Electronic Signature checkbox.
Select the applicable eSign vendor from the Select eSign Vendor dropdown.
Click Upload 4506-C Form, then locate and select the completed eSigned 4506-C form from your local drive.
Upload the corresponding Audit Log, or select the attestation checkbox to confirm that you have the Audit Log and will provide it upon request.
Tip: For an eSigned order, you can upload up to two documents: the eSigned 4506-C form and the corresponding Audit Log. Depending on the selected eSign vendor, the Audit Log upload button may be labeled Certificate of Completion, Audit Trail Certificate, Audit Trail, or Audit Log.
In the Product(s) Requested section, choose a product from the dropdown. Options include:
1120: U.S. Corporation Income Tax Return.
1065: U.S. Return of Partnership Income.
1120S: U.S. Income Tax Return for an S Corporation.
Select the applicable transcript type from the adjacent dropdown. Options include:. Options include:
Return Transcript (6a): Shows most line items from the original tax return as filed.
Account Transcript (6b): Shows tax account information, including changes made after the original return was filed.
Record of Account (6c): Combines the Return Transcript and Account Transcript into one transcript.
Select the applicable year(s) under Year(s) Requested.
Optionally, enter up to three additional email addresses in the Choose Recipient Email(s) field to receive order status notifications.
Click Next.
Review the order details, then click Submit to send your 4506-C Direct order for processing.
Follow these steps to submit a 4506-C Direct order for business transcripts on Encompass® Desktop.
Sign in to Encompass® Desktop using your credentials.
In your Pipeline, select the appropriate loan from the list.
From the Services tab in the left-hand navigation bar, select Order Verifications.
Select CoreLogic Tax Transcripts from the My Providers tab in the Verifications popup.
Click Submit to launch the application.
In the Verification Type section, select the 4506C checkbox.
Select Business.
Confirm the applicable borrower(s) are selected. Clear the checkbox for any borrower you do not want to include in the request.
Enter a Business Name.
Enter the business Tax ID.
Choose a product from the Select Product dropdown. Options include:
1120: U.S. Corporation Income Tax Return.
1065: U.S. Return of Partnership Income.
1120S: U.S. Income Tax Return for an S Corporation.
Select the applicable transcript type from the Select Type dropdown. Options include:
Return Transcript (6a): Shows most line items from the original tax return as filed.
Account Transcript (6b): Shows tax account information, including changes made after the original return was filed.
Record of Account (6c): Combines the Return Transcript and Account Transcript into one transcrip
Select the applicable year(s) under Select Year(s).
Optionally, select Include Income Variance to specify an allowable variance between the borrower’s monthly income in the loan file and the 4506-C transcript.
Select how the 4506-C was signed: Wet Signed, eSigned, or eVault.
Warning: This workflow demonstrates the Wet Signed option. For eSigned or eVault forms, see Special instructions for 4506-C signing options below.
Click Upload File(s).
Locate and select the completed, wet-signed 4506-C form from your eFolder or local drive.
Confirm the Upload status displays Complete.
Click Done.
From the Select associated borrower(s) dropdown, select the borrower(s) associated with the uploaded 4506-C form.
From the Select transcript request type dropdown, select the transcript request type that matches your order.
Optionally, enter up to two additional email addresses in the Notification Email(s) field to receive order status notifications.
Review the order details, then click Submit to send your order for processing.
Special instructions for 4506-C signing options
Select a signing option below to learn more.
Wet Signed documents
For Wet Signed documents only the 4506-C Form is required to be uploaded.
Select the Wet Signed option.
Click on the Upload File(s) button to upload a wet signed 4506-C Form from the eFolder or from your local drive.
eSigned documents
Use the eSigned option when the 4506-C form was electronically signed through a vendor outside of Encompass.
Select eSigned.
Select the applicable eSign vendor.
Click Upload File(s).
Important considerations:
Upload the original eSigned 4506-C form from your local drive. Do not upload the form from the Encompass eFolder because the electronic seal is not retained.
The 4506-C must be the original document provided by the eSign vendor, contain the electronic seal, and remain unaltered.
You can upload multiple documents from your local drive.
For the Audit Log, either:
Upload the 4506-C form and corresponding Audit Log from the eSign vendor, or
Upload the 4506-C form and select the attestation checkbox confirming that you have the Audit Log and will provide it upon request.
eVault documents
Use the eVault option when the 4506-C form was electronically signed within Encompass and is stored in the Encompass eVault.
Select eVault.
Select the applicable eSign vendor.
Click Upload File(s).
Select the 4506-C form with a Source of “ESign.”
Important considerations:
Do not upload the 4506-C form from your eFolder or local drive.
Select the 4506-C form from the Encompass eVault that has a Source of “ESign.”
Follow these steps to submit a 4506-C Direct order for business transcripts on Encompass® Web.
Sign in to Encompass® Web using your credentials.
In your Pipeline, select the appropriate loan from the list.
From the Services menu in the left-hand navigation bar, select All Services.
Click Order Service.
From the Order Service popup, select Verifications in the Categories column, then choose CoreLogic Tax Transcripts in the Providers column.
Click Next to launch the application.
In the Verification Type section, select the 4506C checkbox.
Select Business.
Confirm the applicable borrower(s) are selected. Clear the checkbox for any borrower you do not want to include in the request.
Enter a Business Name.
Enter the business Tax ID.
Choose a product from the Select Product dropdown. Options include:
1120: U.S. Corporation Income Tax Return.
1065: U.S. Return of Partnership Income.
1120S: U.S. Income Tax Return for an S Corporation.
Select the applicable transcript type from the Select Type dropdown. Options include:
Return Transcript (6a): Shows most line items from the original tax return as filed.
Account Transcript (6b): Shows tax account information, including changes made after the original return was filed.
Record of Account (6c): Combines the Return Transcript and Account Transcript into one transcript.
Select the applicable year(s) under Select Year(s).
Optionally, select Include Income Variance to specify an allowable variance between the borrower’s monthly income in the loan file and the 4506-C transcript.
Select how the 4506-C was signed: Wet Signed, eSigned, or eVault.
Warning: This workflow demonstrates the Wet Signed option. For eSigned or eVault forms, see Special instructions for 4506-C signing options below.
Click Upload File(s).
Locate and select the completed, wet-signed 4506-C form from your eFolder or local drive.
Confirm the Upload status displays Complete.
Click Done.
From the Select associated borrower(s) dropdown, select the borrower(s) associated with the uploaded 4506-C form.
From the Select transcript request type dropdown, select the transcript request type that matches your order.
Optionally, enter up to two additional email addresses in the Notification Email(s) field to receive order status notifications.
Review the order details, then click Submit to send your order for processing.
Special instructions for 4506-C signing options
Select a signing option below to learn more.
Wet Signed documents
For Wet Signed documents only the 4506-C Form is required to be uploaded.
Select the Wet Signed option.
Click on the Upload File(s) button to upload a wet signed 4506-C Form from the eFolder or from your local drive.
eSigned documents
Use the eSigned option when the 4506-C form was electronically signed through a vendor outside of Encompass.
Select eSigned.
Select the applicable eSign vendor.
Click Upload File(s).
Important considerations:
Upload the original eSigned 4506-C form from your local drive. Do not upload the form from the Encompass eFolder because the electronic seal is not retained.
The 4506-C must be the original document provided by the eSign vendor, contain the electronic seal, and remain unaltered.
You can upload multiple documents from your local drive.
For the Audit Log, either:
Upload the 4506-C form and corresponding Audit Log from the eSign vendor, or
Upload the 4506-C form and select the attestation checkbox confirming that you have the Audit Log and will provide it upon request.
eVault documents
Use the eVault option when the 4506-C form was electronically signed within Encompass and is stored in the Encompass eVault.
Select eVault.
Select the applicable eSign vendor.
Click Upload File(s).
Select the 4506-C form with a Source of “ESign.”
Important considerations:
Do not upload the 4506-C form from your eFolder or local drive.
Select the 4506-C form from the Encompass eVault that has a Source of “ESign.”
Outcome
You can submit a 4506-C Direct order to request business tax transcripts for income verification.