Help buyers get on the road quicker with instant verifications of income and employment
The Work Number®, part of the TotalVerify™ data hub from Equifax, provides 24/7 verification services to give lenders an immediate picture of the buyer’s potential ability to pay. Faster approval can help the qualified applicant get out on the road more quickly in a vehicle that meets their needs.
We build relationships with automotive industry technology providers that help allow for a seamless user experience for verifications, such as income and employment verification and verification of education. Learn more about working with Equifax to see if The Work Number service is already integrated with your Loan Origination System or Point-of-sale platform.
77 million consumers in the U.S. have thin credit files or no credit files.*
52% of auto applicants misrepresented their income by 20% or more.**
Applicants are 36% more likely to be funded when lenders use third-party income and employment verifications in the decision process.***
Lenders gain 15% more efficiency using The Work Number®.****
*Equifax analysis of credit activity, 2022; **Equifax Internal Study of The Work Number Data, October 2018-December 2018 United States auto loans. Individual results may vary.; *** "Improving Loan Conversion Rates With Data”; Equifax white paper report; August 2022; ****Equifax Internal Study of The Work Number, December 2018. Individual results may vary.
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Learn more about leveraging verification of income and employment through The Work Number and the other solutions we have available.