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Top 10 Trends in Background Screening for 2012
USCIS Releases New E-Verify Enhancements
Progress Announced: IRS Now Accepts Electronic Signatures on 4506-T Form

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October 2012  

Message from Our President, Sandra James   

 

BW sandra

First and most importantly we want to express our deepest sympathies and send well wishes to those affected by Hurricane Sandy. November is always a time of gratitude and even in this time of tragedy we can find solace in the human spirit, which thrives and often overcomes adversity.  

 

This fall season Private Eyes, Inc. has so much to be thankful for; strengthened and renewed bonds with clients, positive growth, and just being a witness to the exciting changes that are taking place all around us. In keeping with giving thanks for family, friends, and the wonderful staff, I have decided that starting November 2012 a percentage of profits from 4506-Transcripts.com will go to the American Cancer Society.  Everyone I know has been touched in some way by cancer. I believe by giving something back we can work to find better preventative care, treatment, and ultimately a cure!  

 

I wish everyone a safe and happy Thanksgiving Holiday!

   

 

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Top 10 Trends in Background Screening for 2012

The Pre-hire screening process should be updated on a regular basis to keep companies up to date with EEOC and FCRA regulations. Tracking pre-hire screening news and making adjustments to your methodology is essential to protecting your business. trendIn the article by MSEC, they breakdown the top ten trends for 2012.

 

Background checks have become commonplace in today's security-conscious world. A survey from the Society for Human Resource Management revealed that approximately three out of four businesses conduct background checks on job applicants. Here are the top trends we are monitoring in this area:

1.     Criminal background checks of job applicants by employers coming under greater scrutiny by Equal Employment Opportunity Commission (EEOC).
  
2.     Credit checks of job applicants by employers increasingly regulated by state laws. Seven states...

 

For the full list of trends: click here 

   

USCIS Releases New E-Verify Enhancements

enhanceOn September 16, 2012, U.S. Citizenship and Immigration Services (USCIS) announced a new round of system enhancements for users who access the program directly through a web browser.  In addition, E-Verify will provide users with a new "Quick Audit Report" feature to enable the production of E-Verify activity records in response to government audits. The report will display relevant E-Verify case data but will not include sensitive employee information such as Social Security numbers.

 

The new enhancements also include an important change to the fields for individuals who identify as...

 

 

For more information: click here 

   

Progress Announced: IRS  Now Accepts Electronic Signatures on 4506-T Form
The big news recently is that starting in January, the IRS has approved the use of electronic signatures on the 4506-T form and will release electronic requirement guidelines in the coming weeks. Certainly, getting rid of this barrier to adopting e-signatures will be huge. The new IRS initiatives should provide lenders with new verification solutions and lower origination costs while speeding along loan closings. Consumer satisfaction is expected to rise as the 4506-T Electronic Sigmay now be bundled with disclosures eligible for execution using electronic signature. For conforming mortgages prior to this week's announcement, the 4506-T was the final form in the initial set of consumer disclosures not eligible for electronic signature. 

The development is seen as an important step in streamlining loan approvals, as the current process of verifying a borrower's income and financial profile can take days or even weeks. And of course the choice is up to the consumer; any electronic signature method that meets the guidelines can be used when obtaining taxpayer authorization instead of a handwritten signature. The consent form will be included with your order for a tax transcript request using the same process as you do today.

This is indeed exciting news, what we want to know is how YOU feel! Do you think the industry is ready to start e-signing and will we be safe using it?  Take our poll from the 4506-Transcripts.com website on our Blog page!

To take our poll: click here

Sincerely,
 
Sandra James
President, CEO
Private Eyes, Inc.
877-292-3331