A new solution is now available that allows mortgage lenders to quickly determine if a consumer’s employment record exists on The Work Number® database before ordering a verification of employment.
Xactus is the first company to offer The Work Number® Report Indicator alongside Equifax credit reports. This complimentary benefit is available to Xactus clients who order their credit reports and leverage The Work Number® for verifications of income and employment through Xactus’ Intelligent Verification Platform (IVP).
The indicator can be displayed either before or after the credit report, showing whether a record from The Work Number® has been reported within the last 36 months. By providing this critical employment information upfront, lenders can make more informed decisions about which verification products to order and when.
This capability aligns perfectly with the intelligent verification approach by delivering the right data at the right time to empower faster, more informed loan decisioning while minimizing redundancies and reducing data waste.
Learn more about The Work Number Report Indicator here or email [email protected].