Equifax Introduces New Mortgage Verification Solution

Core Insights - Equifax has launched a new solution called All Employers Within 90 Days™, which allows lenders to verify a borrower's income and employment information from the previous 90 days, addressing customer needs for a more focused verification period [1][4] - The company has also made modifications to its existing verification offerings, All Employers Within 12 Months™ and All Employers Within 24 Months™, to enhance the billing process and improve alignment for lenders [2][5] - The new solutions aim to drive speed and reduce fallout in the mortgage market, enabling lenders to provide a fast and seamless purchase process for homebuyers [3][5] Company Overview - Equifax is a global data, analytics, and technology company that plays a crucial role in the economy by assisting financial institutions, companies, and government agencies in making informed decisions [7] - The company operates or has investments in 24 countries and employs nearly 15,000 people worldwide, highlighting its extensive reach and capabilities in the verification solutions market [7] Industry Context - The mortgage industry is increasingly relying on automated verification solutions to meet the expectations of homebuyers for quick and efficient processes [3][5] - Equifax's offerings are designed specifically for mortgage lenders, providing tailored solutions that cater to various data needs and price points, thus enhancing lender flexibility and reducing time to close [5][6]