We'd like to thank the IRS for approving digital signatures for this form. It was the last form in the loan origination process to require a handwritten signature, and this step will help financial institutions move toward a digital loan process.
In response to industry pressure, the IRS created a requirements for electronic signatures to makes sure that signatures on these important documents stayed legal. The new framework requires two-factor authentication, tamper-evidence, consent and non-repudiation tools (like our audit trail) to reduce the chance of a signer claiming they didn't sign a form.
Lenders and consumers can easily and securely sign the 4506-T form using our digital signatures, which fully comply with ESIGN and UETA laws regarding electronic records. Each signature on a SIGNiX-signed document comes with a tamper-evident seal for added security, and the included audit trail gives a history of all the events leading up to the signatures themselves.
To learn more about digital signatures, join one of our free educational classes.