The Work Number® works for you and your borrowers - backed by industry research. See how integrating The Work Number digital income and employment verifications within your loan decisioning engine can help improve auto loan conversion rates.

Did you know?

Auto Lenders who use instant income and employment data have observed a 2.45x increase in conversion rates across all credit bands.

 

A 2022 Equifax study compared auto lenders who competed on 100K or more auto loan applications per month. The study showed that integrating The Work Number digital income and employment verifications within a loan decisioning engine positively impacted:

• Conversion Rates - 2.45% Conversion Rate Increase
• Responce Times - Instantly respond to dealers with your loan approvals 
• Lending Confidence - Gain a broader understanding of a consumer’s financial history.