Unlocking Value Across the Lending Lifecycle

In today’s environment, lenders need a solution that enables them to convert more loans faster while minimizing risk and creating a frictionless borrower experience. 

The Work Number provides instant income and employment verifications to help lenders make more confident lending decisions across the full loan lifecycle. 

Why Lenders Trust The Work Number

46%

Lenders leveraging The Work Number achieve a 46% lift in loan conversion rates by combining automated income and employment data with traditional credit scores.*

Consumers expect immediate results in today’s digital world. Our instant, 24/7, verifications enable lenders to approve more loans, faster.

76.1M consumers have thin or invisible credit files. Our data helps expand the pool of borrowers by revealing a more comprehensive applicant view.

Credentialed verifiers gain access to 751M+ income and employment records so they can help minimize risk and maximize growth across the full loan lifecycle.

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

The Work Number offers 24/7 verification services to help auto dealers and lenders make more informed lending decisions.

Consumer Finance

We support customers in the consumer finance and card industries with solutions that help mitigate risks while maximizing growth opportunities. 
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.
THE WORK NUMBER SUPPORTS THE FULL LOAN LIFECYCLE
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Application Process

Make more confident lending decisions, faster.
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At Approval

Help improve your loan conversions.
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Portfolio Review

Nurture customer relationships and help mitigate risks.
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Account Treatment Strategy

Mitigate the risks of default and delinquency.

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.

Ready to get started?

Our experts are ready to talk about how The Work Number can help unlock value across the lending lifecycle for you.
*Equifax Internal Data Study, 2022. Results may vary