NCS Partners with eSignSystems to Offer Complete Solution for eSigned 4506-T Forms, Accepted by IRS Beginning Jan. 7

  NCS Partners with eSignSystems to Offer Complete Solution for eSigned 4506-T
  Forms, Accepted by IRS Beginning Jan. 7

SmartSAFE Integration to Provide Branded, Compliant, and Auditable Electronic
           Signing for all Financial Services and Loan Origination

Business Wire

EGG HARBOR CITY, N.J. -- January 3, 2013

National Credit-reporting System, Inc. (NCS), a full-service consumer
reporting agency specializing in income, identity, and credit intelligence,
announced today that it has partnered with eSignSystems, a division of Wave
Systems Corp. (NASDAQ:WAVX), to provide a full suite of eSigning, eDelivery,
and eVaulting solutions.

The move by NCS anticipates the IRS' January 7 acceptance of electronic
signatures on 4506-T forms, which are used by lenders, insurers, and
healthcare firms to obtain tax transcripts for consumer and business income
verification. In addition to allowing lending customers who use the company’s
TRV (R) Services to move the signing and management of their loan origination
documents online, the solution will open the door for NCS to serve customers
in other sectors, such as insurance and healthcare.

This final eSigning advancement, however, will have immediate impact for NCS’
mortgage origination clients, for whom the IRS acceptance of eSigned 4506-T
forms completes the last technical milestone in eSigning acceptance on
conventional loan origination. For the lender and investor it means a more
compliant, auditable disclosure process, and offers an uncomplicated path to
meet the new Consumer Financial Protection Bureau regulations for new mortgage

The integration of eSignSystems' SmartSAFE™ will allow NCS clients to create
their own branded SigningRooms within the NCS web portal, providing "one-stop
shopping" for the NCS customer, from eSigning to submission of the 4506-T.

"We chose eSignSystems for many reasons, including their lengthy track record,
technology, ‘go to market’ speed, existing LOS integrations, and their
penetration into mortgage and insurance markets,” said NCS Executive Vice
President Curtis Knuth. "eSignSystems also affords NCS the option to place the
entire platform behind our firewall, providing a true SaaS solution, which was
very important to us.”

"NCS is being very forward-thinking, as electronically signed documents offer
not only convenience and cost-savings, but eDocuments promote greater
integrity of the document management process with a full electronic audit
trail," said Kelly Purcell, eSignSystems' Executive Vice President. "By
choosing a comprehensive solution rather than building their system, NCS is
now first to the market with an open strategy that provides a lot of options
for their customers. SmartSAFE offers a proven IVES technology backbone,
making it easy to aggregate all eSigned 4506-Ts and provides a unified audit,
storage, and reporting platform—from eSigning through the entire electronic
document lifecycle.”

NCS’ web portal will continue to provide the option to submit a physically
signed or “wet” signed 4506-T. This was an important requirement for NCS
clients as they moved through obtaining consent from internal stakeholders on
implementation of electronic signature in their workflow. Additionally, for
NCS clients and prospective clients utilizing an existing eSignature solution,
the eSignSystems solution provides for simplistic and secure integration to
NCS for the processing of 4506-T forms.

NCS has been a leading participant in the IRS Income Verification Express
System (IVES) program and previous program generations for almost 20 years,
the longest of any nationwide provider of the solution. It has positioned
itself as an advocate for the industries it serves and has historically sought
to provide guidance to the governmental agencies with which it works. The IRS
places specific obligations on IVES vendors handling eSigned 4506-Ts to
warrant the validity of all eSigned documents, both in terms of the eSigning
ceremony and document tamper detection, for a period of two years.

SmartSAFE supports and complies with all recently published IRS guidelines
allowing electronic signatures on conventional mortgage origination documents
as well as 4506-T and 4506-T-EZ, and supports FHA loans that still require
some "wet" signed documents.

The NCS and eSignSystems solution was built in tandem with the IRS
regulations, as both companies provided leadership in their position of
advocacy to the IRS on eSignature deployment. NCS SVP Cecil Bowman, a 35-year
veteran of IRS eServices development, served as Chair of the Mortgage Banking
Association (MBA) 4506-T workgroup, while both NCS and eSignSystems were
participants in the ResTech IRS workgroup. As recognition for their industry
leadership, Bowman and Purcell of eSignSystems won Mortgage Banker Magazine
2012 Tech All-Star Awards.

"NCS is now positioned to better serve lenders and provide 4506-T processing
to financial services companies in areas such as mortgage, healthcare, and
insurance," added Knuth. "Our customers will get all the benefits with minimal
upfront costs."

For more information, call NCS at 800-582-7066, email, or
visit For more information on eSignSystems products and
services, visit

About NCS

National Credit-reporting System, Inc. (NCS), founded in 1978, is a
full-service, consumer-reporting agency specializing in income, identity, and
credit intelligence. NCS provides cutting-edge, superior quality, data-driven
solutions that enable its clients to meet compliance requirements and minimize
risk. In 1994, NCS became the nation’s first company to 4506-T solutions
nationwide. Visit or call 800-582-7066.

About eSignSystems

eSignSystems, a division of Wave Systems Corp. (NASDAQ:WAVX), is a leading
provider of lifecycle management of electronically signed, legally binding
documents, contracts and digital transactions. SmartSAFE enables companies to
manage business processes and transactions entirely online. Organizations
canaddress certain regulatory compliance issues, improve productivity and
efficiency in processing transactions, andachieve significant cost savings
through the elimination of document transportation costs, processing and
storage. For more information, visit


NCS Media Relations
National Credit-reporting System, Inc.
Cristofer Gross, 909-337-0570 / 562-810-3461
eSignSystems Public Relations
Message Infusion, LLC
Mike Schultz, 978-496-1012
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