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eLynx Enables Electronic Signatures on IRS Form 4506-T

IRS initiative removes final roadblock for fully electronic mortgage disclosures

November 27, 2012

CINCINNATI – November 27, 2012 – eLynx, a portfolio company of American Capital (NASDAQ: ACAS), announced its compliance with all guidelines recently published by the IRS for obtaining electronic signatures on Form 4506-T, Request for Transcript of Tax Return.  eLynx’s eSignature service fully addresses all requirements from initial authentication and consent, to maintaining a tamper proof seal and audit trail of the transaction.  eLynx can provide an electronically signed 4506-T with all supporting data to any IRS Income Verification Express Service (IVES) participant.


According to FBI statistics,over 60% of all mortgage fraud includes income or identity misrepresentations.  The 4506-T, a requirement for virtually all mortgage originations and loan modifications, allows lenders to verify a borrower’s income. 


Until recently, the 4506-T was the only document in a mortgage disclosure package that had to be manually signed.  Beginning on January 7, 2013, the new IRS guidelines allow the 4506-T to be signed electronically, improving data quality, streamlining income verification, and enabling lenders to render decisions on loans faster.


“This was the last industry hurdle to achieve a fully electronic set of disclosures, and to move mortgage lenders closer to a paperless mortgage,” said Sharon Matthews, president and CEO of eLynx. “Banks will see a significant reduction in processing time and costs, an increase in accuracy and transparency, and deliver a better borrower experience. The IRS’s decision demonstrates how government and commercial entities can come together on initiatives that benefit the entire industry.”


Using eLynx’s eSignature service, lenders can immediately realize the advantages of an electronically signed 4506-T integrated with electronic delivery and loan folders.  eLynx is also one of the only eSignature vendors with automatic, fail-proof print-and-mail services that ensure RESPA compliance on mortgage disclosures.


Learn more about the eLynx’s eSignature service, visit

About eLynx

eLynx, a portfolio company of American Capital (NASDAQ: ACAS), helps customers in the financial services and real estate industries capture and manage documents and associated data electronically throughout the document life cycle, ensuring compliance with industry regulations, reducing costs, improving workflow efficiency, and automating paper-intensive processes.  The company’s expedite® cloud-based platform and network supports a comprehensive suite of on-demand document collaboration, distribution, and connectivity services that can be deployed independently or as a fully integrated end-to-end eMortgage solution.  eLynx serves more than 4,000 clients of all sizes worldwide, including 25 of the top 50 U.S. banks and maintains the largest and most comprehensive database of validated real estate agents in the U.S. More than 4 million users have adopted eLynx's enterprise document output solutions. The company was founded in 1994 and is headquartered in Cincinnati, Ohio. It has offices and redundant data and print centers in Cincinnati and Beaverton, Oregon. For more information, visit


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Company Contact:

Alec Cheung

Vice President of Marketing, eLynx



Media Contact:

Rick Grant


570-497-1026 (cell)

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