Approve More Borrowers: Faster and with Greater Confidence.

Achieve an up to 46% lift in loan conversions* while helping minimize your risk with the industry’s most comprehensive income and employment data.
 

Solutions Tailored To Your Industry

Equifax offers reliable, robust, and secure solutions to meet your verification needs:

Solutions Tailored To Your Industry

Equifax offers reliable, robust, and secure solutions to meet your verification needs:

Automotive Lending

Make confident, instant decisions at any hour. By integrating real-time insights into your workflow, you can reduce friction for borrowers and fund more loans, faster.

Consumer Finance Lending

Gain a fuller picture of a consumer’s potential throughout the loan lifecycle, equipping you to say ‘yes’ to more applicants while maintaining a resilient portfolio. 

Empower Your Team With Real-Time Insights So They Can:

Meet the Speed of the Market:

Deliver the instant, 24/7 approvals borrowers demand. Move from application to funding in seconds, not days.

Support Risk Mitigation at Scale:

Gain access to 781M+ verified income and employment records sourced directly from employers and payroll providers so you can assess risk with greater confidence.

Unlock the "Invisible" Borrower:

More confidently extend credit to the 76.1M consumers with thin or invisible credit files. by gaining a more complete view of ability to pay.

46%

Capture More Opportunities:

Lenders using The Work Number data have achieved an up to 46% lift in loan conversions by layering real-time income and employment data over traditional credit scores.*

DATA-DRIVEN INSIGHTS THAT SUPPORT THE FULL LOAN LIFECYCLE:
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Application Process

Validate applicant identity faster and reduce manual validations. Instantly match an applicant’s name and social security number against employment records from The Work Number database. 
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At Approval

Instant income and employment verifications help you say 'yes' to a broader pool of borrowers, faster, while minimizing risk and enhancing the borrower experience.  
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Portfolio Review

Proactively manage your accounts with portfolio reviews to identify and mitigate risk, and help your portfolio stay on track. 
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Recovery

Understand your applicant’s current financial situation and ability to pay with current employment data to help you segment accounts.
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The Work Number Difference
The Work Number® offers a best-in-class solution for instant income and employment verification, leveraging the largest commercial repository of payroll information in the United States with data from over 4.4 million employers updated each pay cycle. This 24/7 access to comprehensive data, including pension information, empowers lenders to mitigate risk, expand their applicant pool, and help deliver a more streamlined experience for all borrowers, from traditional employees to retirees.

Why Choose the Work Number?

Approve More Loans, Faster

Help have a clearer view of applicants’ creditworthiness and ability to pay. Auto lenders who leverage The Work Number see a 48% higher likelihood of closing.*

Enhance Customer Experiences

Provide the immediacy and convenience consumers have come to expect through a seamless and hassle-free automated process.

Improved Loan Performance

Gain a comprehensive understanding of borrower repayment ability, potentially reducing delinquencies and optimizing portfolio health. 

Integrated 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.)
WHY CHOOSE THE WORK NUMBER?

Approve More Loans, Faster

Help have a clearer view of applicants’ creditworthiness and ability to pay. Auto lenders who leverage The Work Number see a 48% higher likelihood of closing.*

Enhance Customer Experiences

Provide the immediacy and convenience consumers have come to expect through a seamless and hassle-free automated process.

Improved Loan Performance

Gain a comprehensive understanding of borrower repayment ability, potentially reducing delinquencies and optimizing portfolio health. 
Our Solutions
BY THE NUMBERS

4.4M

Nearly 4.4 million employers contribute employment and income data, directly or through payroll providers, to The Work Number database.

751M+

The Work Number database offers credentialed verifiers access to more than 751 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 VERIFICATION INSIGHTS

Your 9-Step Checklist for Proactive Auto Loan Portfolio Management

A reactive approach to portfolio management is no longer enough. To help safeguard your investments, provide your borrowers with ongoing support, and ensure long-term profitability, you need a proactive strategy that helps anticipate and mitigate risk before it escalates.

Value Throughout the Credit Card Lending Lifecycle eBook

Proactive credit line increases are a powerful tool for driving portfolio growth and enhancing customer loyalty. However, making informed decisions while managing risk can be a challenge. That's where The Work Number® comes in. We provide instant income and employment verification, empowering you to make confident credit line decisions based on real-time data.

Reducing Friction From Consumer Lending. One Verified Consumer at a Time.

While consumer-provided documents and consumer-permissioned data are viable options for verifying someone’s income and employment, they bring risks and challenges, including added processing time, incomplete data security, and potential for false reporting of jobs and salaries.

Learn how Equifax Can Support Your Portfolio Growth

*Equifax Internal Data Study, 2022. Results may vary