Employment and Income Information in Today’s Dynamic Lending Landscape Webinar

Convergence: The Value of Employment and Income Information in Today’s Dynamic Lending Landscape

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When consistently applied "at application," using employment and income aids lenders in supporting alignment with the OCC's key objective, and provides ways to increase financial inclusion in lending with:

• Better visibility - uncover consumers you may not have seen before. 91.5M consumers in the U.S. have thin credit or no credit files.
• Expanded data - traditional credit scores don't always tell the whole story. 223M income and employment verification requests were processed in 2020. 
• Frictionless processes - applicants are 34% more likely to be funded when lenders use 3rd party verifications in the decision process.

Learn how lenders can gain a consistent and more comprehensive view of risk, make more informed decisions and potentially approve more loans.

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