How robust is your verification process?

According to Fannie Mae’s Quality Insider Report issued in May 2024, income calculation errors and borrower not employed account for four of the top ten significant defects. Roughly two-thirds of significant loan defects issued had an initial debt-to-income (DTI) ratio above 43%.

This report highlights the need for enhanced accuracy.

Rest assured with our customizable employment verification workflows. They can be programmed to cascade – meaning if the employer/income isn’t available in one instant database, another one can be checked. And, if employment can’t be verified through an online database, a manual verification can be performed.

Optimize Workflows with an Automated VOE/I Waterfall

Our automated VOE/I utilizes our direct integrations with:

  • Experian Verify™, instant income and employment verifications powered by exclusive, industry-best data and more!
  • The Work Number®, a solution offered through Equifax Workforce Solutions*, and the largest collection of payroll records contributed directly by employers.*
  • Thomas & Company’s wage and employment verifications, reviewing tens of millions of records spanning various industries and including many Fortune 500 companies.

Schedule an VOE showcase today! Contact your strategic account manager or email [email protected].

* The Work Number is a service provided by Equifax Workforce Solutions, a wholly owned subsidiary of Equifax Inc. Xactus is an authorized reseller of certain products and services ordered by Equifax Worforce Solutions.

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