Verifications Focus

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…]

We hope to see you at the NADA Convention!

Equifax is headed to the 2016 NADA convention and we hope to see you there!  At this year’s conference, we’ll be showcasing our latest insights for the automotive industry, including our Income and Employment Verification. Leveraging instant verifications from Equifax, dealers can: Improve the customer experience Reduce reliance on applicant-provided paystubs Speed up the delivery [Read More…]

Lenders save time, money and frustration by simplifying hazard insurance verification

Engaging a specialized team can speed up the loan process and help reduce errors Verifying homeowners — or hazard — insurance is a time-consuming and costly task for mortgage and home equity lenders. But it’s also unavoidable. Making sure that proper hazard insurance is in place is as important to the loan process as verifying [Read More…]

Automated income verification adds confidence to complex mortgage-lending process

Solution helps improve income verification process for mortgage lenders and borrowers Want evidence that we learn from our mistakes? Look no further than the income verification process now used by mortgage lenders. Beefing up requirements for income documentation has helped reduce fraud and increase confidence in a borrower’s ability to repay a home loan. It’s [Read More…]

Student Loan Repayment Solutions and Impact on Verifications

February 2016 Income and Employment Verifications Bulletin  In today’s competitive job market, employers continue to review and evolve their employee benefit offerings and recruiting efforts to best attract the top talent for their organizations. In addition to traditional long-term retirement benefits, new employee benefit programs are also focusing on helping to alleviate the near-term financial [Read More…]

Equifax Welcomes 5,000th Member of The Work Number

The University of Maine System has joined The Work Number, the largest database of employer-direct income and employment information, as the 5,000th client. The Work Number provides automated income and employment information to banks, mortgage companies, auto dealerships, and other entities when authorized by the consumer, and utilized in compliance with Fair Credit Reporting Act regulations. [Read More…]

Benefits of a Trusted 4506-T Provider

Equifax has always been on the forefront of modernizing consumer data and income verification, from maintaining The Work Number® database of millions of income and employment records, to helping champion the policy for eSignature acceptance by the IRS on the Form 4506-T. The need to verify total income with the IRS using a Form 4506-T [Read More…]

Gainful Employment – The new rules and requirements: Are your programs at risk?

Is your university ready for the Department of Education’s new “Gainful Employment” rules? Join us at this webinar to learn more about the nature of the reporting requirements you’ll face. You’ll also be introduced to new tools and analytical platforms that can provide insights into graduate employment and earnings outcomes, allowing for early assessment of [Read More…]