New York State Society of CPA's Newbrief
New York - (December 29, 2000) Tax software vendor Taasc and lending solutions provider Vertical Lend recently aligned to develop a lending module that reduces the time consuming process of filling out loan applications.

By integrating the module into Taasc's tax software, pertinent information automatically can be taken from the tax return and placed into the loan application, pre-occupying up to 75 percent of the form, said a Vertical Lend spokesman.

With the module Vertical Lend will be able to provide accountants and financial professionals with the ability to originate loans for their clients. The company says these professionals are suited for the loan task because they (the professionals) are well educated, familiar with client needs and already possess the necessary documentation. The planned module will have other enhancements including a debt planner to help clients manage debt, a loan comparison and projection tool, and a marketing feature that highlights opportunities to assist clients with debt consolidation, refinancing and tax advantages associated with a loan.
-- Jay Dismukes