Reduce the risk of your loan decisions with one (or all) of our bank account verification services and solutions. Automate your processes to make quick, accurate decisions with a complete picture of your applicants’ banking circumstances — including account ownership, who is on the account, current balances, and detailed transaction history going back at least 90 days, and in many cases, up to 2 years.

Instant Bank Verification (IBV)

IBV allows you to instantly verify a consumer’s bank account. With real-time transactional data from over 20,000 financial institutions worldwide, you can receive current bank statements and identity verifications.

IBV can be used for the following:

• Automated replacement to accept bank statements
• Eliminate need for emailed or faxed bank statements
• Eliminate fraudulent bank statements
• Assess risk of applicant’s ability to repay a loan
• Verify income and bank accounts
• Verify current and available account balances
• Verify SSN/SIN
• Verify address and phone number
• Discover additional financial obligations and loans

IBV allows lenders to make quicker loan decisions across the United States, Canada, and the United Kingdom.

4506-C IRS Tax Transcript Verification

Verify borrower income directly from IRS tax transcript data.

4506-C IRS Tax Transcript Verification helps lenders and financial service providers access tax-return information directly from IRS transcript data to support income validation, quality control, and underwriting workflows. This service can help confirm reported income using transcript-based records such as 1040, W-2, 1099, 1065, and 1120 data, while also helping identify non-filing status when applicable.

Use cases include:

• Verifying reported borrower income

• Supporting mortgage underwriting and QC reviews

• Reducing reliance on manually collected tax documents

• Improving confidence in income documentation

• Streamlining lender verification workflows

SSA-89 Social Security Verification

Confirm applicant identity using SSA-based verification.

SSA-89 Social Security Verification helps confirm consumer identity using Social Security Administration verification processes. This can support lender compliance, fraud prevention, and investor-driven verification requirements by helping validate core identity elements tied to a consumer’s Social Security number.

Use cases include:

• Identity verification during mortgage origination

• Compliance support for lender and investor requirements

• Fraud reduction and applicant validation

• Added confidence when reviewing borrower documentation

8821 Tax Transcript Access

Retrieve tax transcript data for faster, more efficient income verification.

8821 Tax Transcript Access helps organizations obtain digital tax data directly from the IRS, reducing delays associated with manual transcript retrieval and helping teams move more quickly through review and underwriting processes. Digital transcript access can support faster turn times, lower operational friction, and improved downstream income analysis. 

Use cases include:

• Mortgage income verification

• Loan underwriting support

• Faster tax-document review workflows

• Direct-source data retrieval for cleaner downstream analysis

Self-Employed Income Analysis

Turn tax transcript data into clearer self-employed income insight.

For borrowers with self-employment income, transcript access is only part of the process. Self-Employed Income Analysis helps transform tax data into more actionable underwriting insight by organizing and evaluating income information in a way that supports faster, more reliable lending decisions. 

Use cases include:

• Reviewing self-employed borrower income

• Supporting rep and warrant-sensitive workflows

• Improving consistency in income calculations

• Reducing manual review effort

• Accelerating underwriting decisions

Manual Bank Verification (MBV)

Using proprietary data from a large network of financial institutions, Manual Bank Verification offers lenders a solution to confirm banking information before extending loans or initiating an ACH debit.

With better coverage, better data, and the guarantee of manual verification, this solution:

• Improves successful deposit rates
• Evaluates a consumer’s ability to pay
• Reduces overall return rates and costs
• Verifications account and balance information
• Improves the success rates of ACH
• Eliminates administration, account not found, and account closed returns
• Meets compliance requirements with NACHA thresholds for fatal return

Plus, when you upgrade to MBV’s premium level, you can utilize direct, 3-way calls between the consumer, their financial institution, and an MBV representative to ensure the highest degree of verification.

Additional benefits of MBV include:

• Unlimited verification attempts that won’t harm consumer credit
• Quick data returns (usually within 24 hours)

Bank Account Verify (BAV) Advantage

BAV Advantage utilizes two proprietary databases of more than 150 million consumer records and 1.5 billion ACH and check transactions. This solution lets you get a fuller picture of consumer credit history while verifying their banking information.

Unlike traditional credit reports, BAV Advantage uses consumers’ bank routing and account numbers to deliver cross-institutional views of banking behavior and loan activity.

Additional data this report returns:

• 36-month summary of MICR and loan transactions, returns, and defaults
• Current status of consumer banking and routing numbers
• First and last seen dates of the account
• Confirmation that the consumer can receive ACH transactions
• Assessment of additional bank accounts the applicant may hold
• Flags of high-risk factors associated with consumer’s financial institution (i.e., account closed or account not found)
• Verification of name, SSN, driver’s license, and phone number

Common use cases for BAV Advantage include:

• Short-term installment lending
• Buy-here-pay-here auto financing
• Check cashing
• Title lending
• Retail financing

Soft Pull Solutions offers a reliable bank account verification service to help businesses confirm customer banking details quickly and securely. Our service reduces fraud, ensures accurate transactions, and streamlines payment processes. Combine BAV Advantage with identity verification and anti-money laundering tools to get a full, 360-degree view of your applicants’ loan and bank performance history.

See A Sample Report