Business Need Focus

The Impact of Synthetic Identity Fraud… By the Numbers

What is synthetic identity fraud? Synthetic identity fraud occurs when fraudsters create new, fictitious identities by using different components of real identities – such as a name from one person, an address from another place, or the Social Security number (SSN) of a minor or deceased individual.  Fraudsters attempt to gain credit with the fictitious [Read More…]

Delivering Insights that Drive More Profitable Deals

Without proper insight into dealership behaviors, loan performance, and the competitive landscape, it’s difficult for auto lenders to assess risk and identify high-value dealers to build relationships. For truly successful auto lending, lenders need to: Understand market share within each dealership. Gain deeper insight into positive and negative selection for each dealership they do business [Read More…]

AmeriSave Accelerates Mortgage Loan Originations by 15% with The Work Number®

As the mortgage industry moves towards a digital lending process, many lenders may be looking for ways to increase the automation of income and employment verification – so they don’t have to spend so much time collecting paystubs and W-2s.  AmeriSave Mortgage Corporation has been leveraging verification services from Equifax, including The Work Number®, to [Read More…]

WOTC Scenario Analysis: A Powerful Tool for HR Pros

Equifax Exclusive:  WOTC Scenario Analysis What if you could predict your organizations WOTC future with the detail and accuracy you need? What if those roadmaps showed your WOTC success plan  with real-time data? And what if you could tap into this technology for free by being our WOTC client? All of this is possible with [Read More…]

It’s Tech Time! MBA’s Tech Conference & Expo is April 15-18

A lot has changed in the world since last year, but one thing hasn’t: you still need the latest innovations to automate and streamline your processes to serve your customers’ needs. And Equifax can help. Come to our booth (# 539) at MBA’s Technology Solutions Conference & Expo in Detroit  to learn how we can [Read More…]

Affordability: The Important Missing Detail in a Car Buying Decision

By: John Giamalvo, VP, Dealer Services, Automotive Elements of the car shopping process have certainly moved upstream to the consumer over the last 25 years, and not just because of the internet. Massive make/model competition, longer finance options, leasing, certified pre-owned, and simply cars that last longer contribute inherently to more consumer data to manage. [Read More…]

Webinar Highlights: Top HR Unemployment Documentation Tips

HR Unemployment Documentation and Risk HR unemployment documentation can open up your organization to risk, including a higher tax rate.   Let us show you how to reduce both, by stopping common unemployment documentation mistakes. We pulled together top tips from our Best Practices in HR Unemployment Documentation webinar that you can view right now! Hear [Read More…]

SPOTLIGHT: Neural Networks for Next Level Performance

Data Scientists: Do you love the new machine learning techniques but still can’t wrap your head around how to explain your results? Have you been wondering how to use the latest machine learning techniques to generate better scores and increase the profitability for your organization? There is now a way to do this, while still [Read More…]

Retaining I-9s – How to Manage Hidden I-9 Risk, Tips and Technology from I-9 Experts

In our recent webinar, Better I-9 Compliance – How to Audit I-9s the Right Way, we polled employers to learn how they manage retaining I-9s for terminated employees. When we asked how, or if, they purge those historical I-9s a whopping 88% of respondents either do not have a process in place, utilize a manual [Read More…]

How Fraudsters Are Using Synthetic Identities

Pathways to Synthetic Identity Fraud Fabricated social security numbers (SSNs) and authorized user abuse are the two main pathways into synthetic identity fraud.  Fraudsters can build synthetic identities by creating a fake SSN or obtaining/stealing a real SSN and adding non-matching identifying information such as name, date of birth, and address.  Perpetrators often prefer to [Read More…]