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Jay Meadows is owner, CEO and president of Ft. Worth, Texas-based Rapid Reporting Verification Company. He founded the company in 1998 with Executive Vice President and COO Ray Petta and oversees all aspects of it including product development, operations, sales and support. Meadows’ focus is to deliver comprehensive and efficient verification products that help the mortgage industry combat fraud. Meadows is recognized as an industry expert by the Internal Revenue Service (IRS) and has spearheaded many of the IRS efficiencies enjoyed by the mortgage industry. Through his lobbying efforts, Meadows helped transform an IRS process, which changed the turnaround time on tax transcripts for income verification purposes from 14 to 21 days to 24 to 48 hours. By changing the turnaround time, mortgage companies were able to use income verification as a pre-funding tool. Meadows led Rapid Reporting to become the first private company in the United States to contract directly with the Social Security Administration (SSA) for online database confirmation. After lobbying for better methods to verify identities for three years in Washington, D.C., Meadows launched DirectChek. It is unique from other identity verification products in that it authenticates a Social Security number, and provides a match/no match of an authorized name and Social Security number to the SSA database. Prior to founding Rapid Reporting, Meadows was a successful broker in the securities industry for 11 years. He was vice president of Rauscher Pierce Refsnes, Inc., now known as Dain Rauscher Incorporated, and served on the company’s Broker Advisory Committee. Dan Rauscher is the ninth largest full-service securities firm and is a member of the New York Stock Exchange. Meadows also worked for First Dallas Securities, a company founded in 1989 whose focus is primarily on common stocks. Meadows is a member of the Mortgage Bankers Association of America, the MBAA Fraud and Ethics Subcommittee, National Home Equity Mortgage Association (NHEMA) and the Colorado Mortgage Lenders Association. He is a frequent guest speaker at many mortgage fraud conferences and committee meetings. Meadows earned a Bachelor’s degree in business administration from Texas Christian University in Ft. Worth, Texas. As a former member of the Texas Christian University baseball team, he is an active member of the TCU Letterman’s Association. Meadows also founded the Ft. Worth Cats baseball program for high school students. He served as a member of the Fellowship of Christian Athletes Speakers Bureau. | 