Verifications Focus

Beyond Credit Scores in Subprime Auto Loans

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We’re gearing up for Used Car Week in Las Vegas Nov. 10-14 and all things subprime vehicle lending. Even with more stringent and strict regulatory enforcement by the Consumer Financial Protection Bureau, subprime auto loans account for about 32% of approved originations. As the subprime vehicle market continues to grow, “trust but verify” is good [Read More...]

How Hazard Insurance Verification Helps Improve the Lending Process

Verifying hazard insurance is much more effective through VOHI.

A new verification system, called VOHI, is making it easier and more cost effective for mortgage lenders to verify hazard insurance.

E-Verify Announcements – myE-Verify and Record Disposal

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E-Verify has been active recently with several new announcements over the past few weeks.  While they may not have a significant immediate impact, the release of myE-Verify along with new Record Disposal rules present a perfect opportunity to review your overall procedures related to E-Verify.  Highlights of the recent announcements include the following: myE-Verify: A [Read More...]

How Can I Streamline My Mortgage Lending Process?

Speed up your mortgage processing with better employment, income and identity verification.

New verification services are creating a more efficient, effective, mortgage lending process.

Is the Subprime Auto Market Creating a Bubble?

Data shows that subprime auto lending may not be creating the next bubble.

Is subprime auto lending creating the next bubble? Analysis of data by economists Amy Crew Cutts and Dennis Carlson suggests otherwise.

Visit Equifax at MBA’s Risk Management & Quality Assurance Forum 2014

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Effectively ensuring loan quality and reducing repurchase risk is more critical than ever. Visit Equifax at MBA’s Risk Management & Quality Assurance…

Is There a Subprime Auto Loan Bubble Forming? Equifax Economists Respond.

auto subprime bubble

As we look forward to Used Car Week in Las Vegas Nov. 10-14, we anticipate many conversations to take shape around claims of a bubble forming in subprime auto loans.  Our #subprime experts will surely be engaging in the conversations around the current state of subprime auto loans. And we’ll rely on the facts and [Read More...]

Telecom Industry Trends 2014: Customer Opportunities and Challenges

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A new year means new innovation, but it can also mean customer resolutions to switch to another telecom provider. After all, competitors could be…

Subprime Auto Lenders See Resurgence Thanks to Better Data

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Subprime auto lenders are taking advantage of higher-quality data, leading to a resurgence in the market.

Consumer Credit Data: GLB Act 101

Lowering your employment tax rate

Financial institutions are legally required by the GLB Act to comply with customer opt-out, which can cause problems. Customer data integration can help.