Accelerate mortgage qualification with a new two-in-one solution!

Today’s competitive lending environment requires a fuller view of consumers’ financial profiles, and we’re committed to supporting the mortgage industry through an extensive set of data-driven solutions.

The Work Number® Report Indicator notifies you upfront if an applicant has a verification of income and employment (VOIE) record in The Work Number database. What’s new is that you’ll receive this information alongside the Equifax mortgage prequalification credit report. Now, you can instantly obtain information about an applicant’s creditworthiness and employment status.

The Work Number Report Indicator enables you to:

• Gain a competitive edge: Leverage unique income and employment insights at prequalification to strengthen decision making and gain deeper insight about risk.
• Improve cost efficiency: Know when a VOIE is available to help manage verification expenses and better predict cost to close.
• Streamline loan processing: Segment borrowers efficiently for a faster, more predictable workflow.
• Accelerate the path to conversion: Prioritize the borrowers’ process earlier, while providing confidence in future debit-to-income ratio calculations.
• Enhance borrower experience: Reduce documentation requests and create a smoother approval process.

Let’s discuss how this first-in-market solution can enhance your workflow and help you close loans faster!