Industries

Mortgage lenders rely on income and employment verification services from Equifax to obtain streamlined, third-party VOEs and VOIs that  help prevent mortgage fraud, mitigate risk and keep your business moving. As government-sponsored enterprise (GSE) validation programs continue to propel the industry towards a digital lending process, workflow innovation is key. Leveraging The Work Number® for income and employment verifications not only enables you for GSE validation programs, but can also help your organization improve the borrower experience by reducing the need to collect paystubs and W-2s.

To keep pace with complex requirements and increased scrutiny, you need the expertise of a trusted partner like Equifax that can deliver a comprehensive view of your borrower's ability to repay, in one stop. Access to employment records on The Work Number database helps mortgage lenders streamline processes while maintaining consistency in loan processing and compliance. 

The Work Number database contains employment records for all types of employers – both private and public sector as well as large and small.  The database has expanded to include many small employers (those with 100 or fewer employees). Since 2016, the number of small employers on the database grew by 259%. 

With Equifax Verification Services you can also rapidly obtain income and employment verifications, approved for GSE validation programs.