Breaking News
Equifax Enhances Mortgage Verification Portfolio with Launch of Employment Select+™
Equifax® (NYSE: EFX) is continuing its commitment to delivering the industry’s most comprehensive suite of mortgage verification solutions with the launch of Employment Select+™, a new offering that supports lenders and consumers during the critical stages of the loan closing process. Leveraging the power of The Work Number® database, Employment Select+ is designed to aid originators at closing by providing an instant view into a borrower’s most recent 35 days of current and prior employment. This helps lenders satisfy government-sponsored enterprise (GSE) home loan requirements for obtaining a verification of employment within ten business days of closing.
“In today’s uncertain economic environment, it’s critical for lenders to have access to timely verification data at each stage of the mortgage process,” said Ashley Wood, Vice President, Mortgage Verification Services at Equifax Workforce Solutions. “By leveraging digital verification solutions such as Employment Select+, lenders are able to develop a more holistic view of an applicant’s ability to pay. This can give greater confidence to lenders, while helping to remove barriers to home ownership for consumers.”
Available to lenders via web or integrated channels, Employment Select+ returns only the most up-to-date employment data to assist in the loan closing process. Additionally, lenders can now access new versions of the standard mortgage verification solutions with a PDF receipt that provides documentation at order completion, helping them better manage loan costs.
Since pioneering automated verifications more than 25 years ago, The Work Number service has earned the trust of millions of employers, thousands of lenders, and GSEs (for their validation programs). Verifications through The Work Number allow credentialed lenders with permissible purpose to quickly and securely tap into the industry-leading, centralized commercial repository of income and employment information in the United States, with more than 618 million employment records from 2.7 million employers.
People In This Post
Companies In This Post
- Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns Read more
- WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance Read more
- AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico Read more
- Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering Read more
- United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize Read more
Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns
More than half (59%) of Brits admit that they’ll use AI to help with their tax return
Starling Reveals New-Look Logo, App and Cards as Bank Launches Brand Mission to Help Britons Become ‘Good With Money’
Starling has revealed major changes to its visual brand, with a new logo, colours and card designs set to roll out to the bank’s app
JPMorganChase and Plaid Announce an Extension to their Data Access Agreement for Sharing of Consumer Permissioned Data
JPMorganChase and Plaid announced a renewed data access agreement that will continue to allow their shared customers to safely and securely
HSBC Deploys Wealth Intelligence for Its Wealth Management Staff to Enhance Client Experience
HSBC Private Bank today announced the launch of Wealth Intelligence, a generative AI-powered ecosystem
Przelewy24 and Liberis Join Forces to Revolutionize E-commerce Financing
Liberis announced a strategic partnership with the Polish ecommerce payment operator, Przelewy24 to launch Przelewy24 Finance
Fiinu’s Plugin Overdraft® One Step Closer to Public Launch Through Exclusive Strategic Partnership with Conister Bank
Fiinu Plc has reached a significant milestone in bringing its revolutionary Plugin Overdraft® solution to UK consumers through an exclusive strategic partnership with Conister Bank Limited, a subsidiary of Manx Financial Group Plc.
Mercantile Bank Selects Jack Henry for Focus on Innovation and Growth
Jack Henry™ (Nasdaq: JKHY) announced today that Mercantile Bank, Michigan’s largest community bank, has selected Jack Henry to evolve its technology infrastructure, streamline operations, and support its long-term growth strategy.
Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns
More than half (59%) of Brits admit that they’ll use AI to help with their tax return
WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance
WorkFusion, a pioneer in AI agents for financial crime compliance (FCC), today announced it raised $45 million in funding.
AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico
How could AI agents search, compare and pay for things? What makes stablecoins a game-changer for cross-border digital commerce? Why are local Alternative Payment Methods (APMs) crucial for any business wanting to enter and scale in emerging markets?
Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering
Day two of Money20/20 Middle East in Riyadh brought together global leaders in fintech, banking, and financial services to discuss the future of money and finance in the region.
United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize
United Gulf Financial Services (UGFS North Africa), a leading venture capital firm offering innovative companies and startups with financial support and mentoring services, has announced a partnership with The Hashgraph Association, a Swiss non-profit organization driving global adoption of Hedera-powered solutions by funding innovation, training, certification, and venture building programs, and Exponential Science Foundation, a not-for-profit foundation accelerating responsible tech adoption, via research, education, and innovation activities, for Hedera Africa Hackathon 2025, the biggest hackathon in Africa aimed at enabling the next generation of Web developers and empower economic inclusion in Africa with a digital future for all.
Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents
Payhawk announced set of AI agents that complete everyday finance work as part of its product launch
Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants
Ant International will launch cross-border QR code payments between the Saudi Arabia’s (KSA) national payment scheme, mada, Alipay+, during 2026 to drive digitisation and inclusive growth for local merchants.