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…]

Fannie Mae to offer greater borrower insights by adding trended credit data to its mortgage risk assessment tool

Data expansion designed to help benefit both lenders and consumers — and marks the first major change to credit data used for mortgage underwriting in a quarter century. A consumer’s credit report has evolved over time as an objective tool for risk assessment. But behind every credit report is a person. And that person, let’s [Read More…]

Tax Form Management Clients: Exciting Platform Enhancements for the 2016 Tax Year

Over the next 12 months, Tax Form Management (TFM) clients will see some major enhancements to their platform! Starting September 28th, Equifax will start rolling out phase one of its initiative to provide more value to Tax Form Management clients and enhance their overall user experience. Phase I: Self-Service Configuration Manager This year, TFM clients [Read More…]

Equifax Forms Strategic Alliance with Adobe to Make IXI Digital Targeting Segments Available Within Adobe Audience Manager

Advertisers Can Now Define Target Audiences Through Estimated Financial Behaviors and Purchase Propensities McLean, VA – August 31, 2016 – Equifax Inc. (NYSE:EFX), a global information solutions provider today announced that its division, IXI Services, and Adobe today have joined forces to make IXI’s Digital Targeting Segments available as a selection criteria within Adobe Audience [Read More…]

Understand Your Web Visitors Better…

Do you ever wonder how you can learn more about the people who visit your website and click on your digital ads and campaigns? You may be seeing the click-through data in your current web analytics tools, but how much does that tell you about the types of people interacting with you? AudienceIntel AudienceIntel™, from [Read More…]

Lenders and borrowers to benefit from risk assessments with trended credit data

Incorporating payment data could help reduce lender risk and increase borrower control over credit history Fannie Mae will begin including trended credit data in their next release of Desktop Underwriter® (DU®). This data provides up to 24 months of a borrower’s payment history — including scheduled payments, actual payments and past balances. It’s a look [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…]

Smart data strategies can help boost success of home equity marketing campaigns

The right mix of information can help increase loan conversions and customer satisfaction. Trends from two directions are driving interest in home equity loans. First, residential real estate prices have recovered enough for homeowners to once again consider tapping home equity to unlock the value of their homes without a sale. Second, financial institutions now [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…]