Cogent Road adds online ordering/delivery process for corporate tax returns.

San Diego-based Cogent Road Inc.--a provider of Internet-based applications for the mortgage industry--announced in February it added a new online ordering and delivery process for corporate tax returns to enable originators to more efficiently gain access to Internal Revenue Service (IRS) documentation for loans associated with self-employed borrowers.

Cogent Road's automated corporate tax module identifies and obtains all relevant tax returns directly from the Internal Revenue Service (IRS), completes the order in an encrypted portable document format (PDF) for security purposes and automatically notifies the originator when the process is complete.

This is a new feature of the company's Funding Suite[R], a tool that enables mortgage originators to evaluate borrowers' credit reports and educate them on spending behaviors that can raise credit scores, according to Alan Baia, managing partner of Cogent Road.

"Today's environment requires full documentation handled securely in order to reduce cases of fraud or processing errors, and our solution is specifically customized to meet the needs of the rising number of self-employed individuals who work at small businesses today," said Baia. "Most systems order and deliver this highly sensitive documentation via e-mail and/or tax, which greatly exposes consumers' personal data and puts them at risk. Our system helps manage the process by fully automating the ordering and delivery to ensure accuracy and speediness."

The enhancement was created to improve processing of all necessary corporate tax documentation online tailored to small corporations and partnerships--the majority of businesses operating today, said Baia.

Mortgage originators can obtain form 1120, U.S. Corporation Income Tax Return, or form 1065, U.S. Return of Partnership Income, in a highly secure environment through the new module. Funding Suite orders and delivers full documentation through its Web site in an encrypted format, turning orders around within 24 to 48 hours, said Baia.