Equifax Announces Enhancements to its Manual Verification Offerings for Mortgage Lenders

New Reverification Options Harness Automation to
Support a Seamless Customer ExperienceATLANTA, Aug. 24, 2022 /PRNewswire/ -- Today, Equifax^A® (NYSE: EFX) announced new options for mortgage lenders leveraging its manual verifications of employment and income from Workforce Solutions, including new automated ordering of reverifications of employment (RVOE) and additional Priority Next Daya?? and Priority Two Daya?? options. By offering an RVOE with a verification of employment (VOE) or verification of income (VOI) solution, Equifax is helping lenders to satisfy government-sponsored enterprise (GSE) or internal reverification requirements while reducing friction in the lending process.

"As mortgage lenders are reevaluating their processes with a focus on efficiency and customer experience, we believe they will see our enhancements as a winning combination: new automated ordering options for reverification and options for faster delivery," said Scott Maxfield, Vice President for Verifications at Equifax Workforce Solutions. "These enhancements bolster our ability to provide the complete verification coverage that mortgage lenders need at each stage of the process, from loan origination through post-close."Manual verifications from Equifax complement the instant service provided by The Work Number^A® database, the industry-leading centralized commercial repository of income and employment information in the U.S. When information is not instantly available digitally through The Work Number, the manual verification options also have built-in automation to help keep decision processes moving forward.