The Value of Verified Employment and Income in Today’s Dynamic Lending Landscape | July 8, 2021
When consistently applied “at application,” using verified employment and income aids lenders in supporting alignment with the OCC’s key objective, and provides ways to increase financial inclusion in lending with:
- Better visibility – uncover consumers you may not have seen before. 91.5M consumers in the U.S. have thin credit or no credit files.
- Expanded data – traditional credit scores don’t always tell the whole story. 223M income and employment verification requests were processed in 2020.
- Frictionless processes – applicants are 34% more likely to be funded when lenders use 3rd party verifications in the decision process.
Register now to learn how lenders can gain a consistent and more comprehensive view of risk, make more informed decisions and potentially approve more loans.
Presenter: Carly Peroutka, Consumer Finance Sales Leader, Equifax Verification Services
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