Unlocking Growth: Strategies to Thrive in a Changing Auto Lending Market
Join us to learn more about de-risking portfolios and driving growth to help you stay ahead of the curve
WATCH NOW
On-Demand Webinar: Providing Value Throughout the Credit Card Lending Lifecycle
Learn how Income and Employment data can provide value to lenders right up front
View On-Demand Webinar
Consumer Finance Lenders

Safeguard Your Loan Portfolio

Go beyond credit scores with income and employment data from The Work Number. Mitigate risk, optimize lending decisions, and drive growth.

Extend More Loans With Confidence

Have a clearer view of applicants with verified employment and income data.

Find New Customers

Reveal applicants who may be credit invisible or have thin files when you layer alternative data next to credit scores. Better understand a borrower’s financial picture.

Improve Borrowers' Experience

Minimize the need for borrowers to take extra steps to verify income, such as providing paystubs or connecting to a bank or payroll provider. 
Yes

Confidently Say 'Yes'

Knowing an applicant has verified employment and income can improve your confidence when assessing their ability to pay. 
Did You Know?

Lenders Can Substantially Increase Conversion Rates  

When instantly verified by The Work Number, subprime applicants are 34% more likely to be funded.

Percentage of successfully closed consumer loans
38%
51%

38%

Without instant verification

51%

With instant verification by The Work Number

Equifax Data Study of The Work Number Inquiry Data, January 2023 - December 2023 United States consumer finance loans. Individual results may vary.
* Subprime applicants are defined as Vantage score < 620 at the time of application

Unlock Value Across the Lending Lifecycle With Verified Data 

AT APPLICATION
Identity Validation
Validate borrower identity faster and reduce the burden of manual identity validations. Instantly match a borrower's name and social security number against employment records from The Work Number database. 
AT APPROVAL
Decisoning and Funding
Instant verifications help you lend to a broader pool of borrowers, faster, while minimizing risk and maximizing satisfaction.
Account Management
Portfolio Reviews
Proactively manage your accounts with portfolio reviews to identify and mitigate risk, protect your bottom line, and help identify growth opportunities. Identify emerging risks and tailor account management strategies with real-time insights.
Credit Line Increases

Turn credit line increases from a process into an engine for revenue with verified data. 

Recovery
Account Treatment Strategies
Understand your borrower's current financial situation and ability to pay with current employment data to help you segment accounts.

“Relying solely on credit scores and self-reported income no longer cuts it. That approach can increase risk and slow down your lending process.”


-Carly Peroutka
Consumer Finance Sales Leader, Equifax

Data Delivered the Way You Need It 

Data delivery methods may vary by solution.

Web-Based Access

Login to our verification insights portal. Purchasing flexibility allows lower volume verifiers to pay by credit card and larger volume verifiers to be invoiced monthly.

Systems Integrations

Connect directly to The Work Number database within your own origination technology systems using an API.

Batch Processing

High-volume verifiers can obtain information on the entire loan portfolio as well as process thousands or even millions of verifications at once.

THE WORK NUMBER DIFFERENCE

The Largest Commercial Source for Consolidated Employment Data 

4.6M

Nearly 4.6 million employers contribute employment and income data, directly or through payroll providers, to The Work Number database.

767M+

The Work Number database offers credentialed verifiers access to more than 767 million records for verifications of income and employment.

149M

The Work Number service fulfilled 149 million verification requests on behalf of consumers in 2024.
FEATURED ebook

The Complete Applicant Picture: Empowering Smarter Lending

Without the right data, you could decline qualified applicants. Learn more about the value of accessing employment and income information straight from the source.

SECURITY AND COMPLIANCE

Secure Data From A Trusted Leader 

The Work Number is governed by the Fair Credit Reporting Act (FCRA). Only verifiers with a permissible purpose can use data from The Work Number. We maintain globally recognized certifications in management and security.

Process Loans With Data You Can Trust

Our team can help you pick the right solutions for your unique needs.

BLOG

Explore Verification Insights

Browse timely, informative news and insights about the financial services industry.

Credit Card
Maximize Your Holiday Portfolio Performance: Tailored Credit Line Offers With In ...
Data reveals the need for a more-personalized, data-driven approach to maximize portfolio performance.
Credit Card
Why You Shouldn’t Wait to Make Proactive Credit Line Increases Part of Your Grow ...
Is a proactive, data-driven approach to credit line increases truly integrated into your growth strategy?
Consumer Finance
The Evolving Landscape of Consumer Finance: Key Insights From Leading Lenders
We interviewed more than a dozen leading consumer finance lenders about the biggest trends and challenges facing the industry.