With Equifax Work Number:
- Receive verification of Employment and Income straight from the employer
- Income verifications contain both basic employment information and detailed compensation data—wages, bonuses, commissions and overtime.
- If provided by the employer, the verification will also include historical payment data, and dates and amounts of the applicant’s most recent and projected pay increases.
- Equifax delivers results within seconds, leveraging The Work Number® database containing income and employment records from over 5,500 employers.
Benefits
- Meets Fannie Mae Day 1 Certainty for Desktop Underwriter
- It’s easy to use for both borrower and lender
- It’s a safe and secure system
- Speeds up validation process
- Eliminates fraud because verifying income/employment directly with employer
- Electronic verifications help ensure borrowers meet Ability-to-Repay requirements
For more information, download our Employment and Income Verification document
