Verifications Focus

Get income verification in a matter of seconds

Tap into The Work Number® employment and income database to speed up loan approvals. There’s just no way around it. Income verification is an essential part of the mortgage loan process because it’s the best way to gauge a prospective borrower’s ability to pay. But what’s necessary isn’t necessarily simple, and that’s true for income [Read More…]

Help simplify the tenant screening process

A faster, more affordable solution offers a background report in minutes. It appears to be the right time to be in the property rental business, as a few recent statistics demonstrate: More than a third of U.S. households are occupied by renters, according to the National Multifamily Housing Council. Unfurnished apartments in the U.S. now [Read More…]

Proposed Changes to Payday and Short-Term Lending Could Lead to More Verification Requests

Situation You may have seen the CFPB’s proposed rule announced in June that would require payday lenders, and companies that make vehicle title and other high-cost installment loans to determine whether borrowers can afford to pay back their loans. The proposed rule is designed to help consumers who rely on these types of easy-access, short [Read More…]

Massachusetts Equal Pay Law Mandates Income Verification Timing

As you may know, a bill was passed in Massachusetts to establish pay equity. Lawmakers believe disclosing of salary histories put women at a disadvantage, and they may be offered lower salaries than men in their first jobs even when education and field are taken into consideration. Salary negotiations are also another area where women [Read More…]

Equifax Acquires Barnett Associates and Verify Job System

Equifax is pleased to announce that Barnett Associates and Verify Job System (VJS) are now Equifax companies!  We warmly welcome our new employees and clients to the Equifax organization and look forward to partnering with them. Equifax, Barnett and VJS are aligned in passion for delivering solutions that elevate how organizations advance their crucial workforce [Read More…]

Webinar Summary: Income and Employment Verifications and FCRA

In our recent webinar, Montserrat Miller, a partner with the Privacy and Consumer Regulatory practice group at Arnall Golden Gregory LLP, explained how the Fair Credit Reporting Act (FCRA) applies to verifications of employment and income. The webinar also addressed how employment verification services work generally, and discussed The Work Number® services as an example. [Read More…]

Webinar: Income and Employment Verifications and FCRA

Register for our upcoming webinar, “Income and Employment Verifications, Legal Compliance, and Employer Peace of Mind.” Date: Tuesday, July 19, 2016 Time: 1:00 PM ET, 12:00 PM CT, 11:00 AM MT, 10:00 AM PT Fee: Free Duration: 1 hour Join us to learn how the Fair Credit Reporting Act (FCRA) regulates verifications provided by a [Read More…]

Making the Right Hire: Verifications Help Decrease Risk

Situation The cost of making the wrong hire can be extremely detrimental to an employer. The actual cost can be more than the salary, benefits and training expense related to that employee, and can also include potential damages from litigation, injuries, headline risk, internal fraud, theft and embezzlement which can be enough to put a [Read More…]

Learn About Our House at PHADA 2016

Join Equifax May 22-24 at the 2016 PHADA convention at Planet Hollywood in Las Vegas where we will be highlighting our latest insights that equip Housing Agencies with verified income and employment data to improve rental integrity results. The Work Number® database, owned by Equifax, is the largest central source of consolidated employment and income [Read More…]

Robust, real-time solution helps to streamline income and employment verification for mortgage loans

Lenders can simplify processing of high-quality mortgage loans — and close more of them. Today’s documentation process for mortgage approval may be best described as “rigorous.” The list of what’s needed to qualify for and process a loan stretches to 10 (or more) required documents — from an official photo ID (simple) to two years [Read More…]