ATLANTA, May 17, 2023 – Equifax® (NYSE: EFX)
is continuing its commitment to delivering the industry’s most
comprehensive suite of mortgage verification solutions with the launch
of Employment Select+TM, a new offering that supports lenders and
consumers during the critical stages of the loan closing process.
Leveraging the power of The Work Number®
database, Employment Select+ is designed to aid originators at closing
by providing an instant view into a borrower’s most recent 35 days of
current and prior employment. This helps lenders satisfy
government-sponsored enterprise (GSE) home loan requirements for
obtaining a verification of employment within ten business days of closing.
“In today’s uncertain economic environment, it’s critical
for lenders to have access to timely verification data at each stage
of the mortgage process,” said Ashley Wood, Vice President, Mortgage
Verification Services at Equifax Workforce Solutions. “By leveraging
digital verification solutions such as Employment Select+, lenders are
able to develop a more holistic view of an applicant’s ability to pay.
This can give greater confidence to lenders, while helping to remove
barriers to home ownership for consumers.”
Available to lenders via web or integrated channels,
Employment Select+ returns only the most up-to-date employment data
to assist in the loan closing process. Additionally, lenders can now
access new versions of the standard mortgage verification solutions
with a PDF receipt that provides documentation at order completion,
helping them better manage loan costs.
Since pioneering automated verifications more than 25 years
ago, The Work Number service has earned the trust of millions of
employers, thousands of lenders, and GSEs (for their validation
programs). Verifications through The Work Number allow credentialed
lenders with permissible purpose to quickly and securely tap into
the industry-leading, centralized commercial repository of income
and employment information in the United States, with more than 618
million employment records from 2.7 million employers.
For more information on mortgage verifications delivered via
The Work Number database, visit theworknumber.com.
ABOUT EQUIFAX INC. At Equifax
(NYSE: EFX), we believe knowledge drives progress. As a global
data, analytics, and technology company, we play an essential role
in the global economy by helping financial institutions,
companies, employers, and government agencies make critical
decisions with greater confidence. Our unique blend of
differentiated data, analytics, and cloud technology drives insights
to power decisions to move people forward. Headquartered in Atlanta
and supported by nearly 14,000 employees worldwide, Equifax operates
or has investments in 24 countries in North America, Central and
South America, Europe, and the Asia Pacific region. For more
information, visit Equifax.com
FOR MORE INFORMATION: Daniel
Jenkins for Equifax email@example.com