Equifax Inc. has announced that MeridianLink is now offering employment and income verifications through The Work Number for customers using its Mortgage Credit Link Platform (MCL). The Work Number is a proprietary database owned by Equifax Workforce Solutions, a business unit of Equifax Inc. As a centralized, Web-based mortgage credit reporting system, MCL integrates its customer's credit systems with their client's loan origination systems, providing the seamless transmission, validation and interpretation of data between applications and organizations. By optimizing Equifax Verifications Services' full range of tools, and leveraging The Work Number database of more than 241 million employer-direct payroll records, MCL enables credit resellers to deliver the most comprehensive employment and income database in the nation to their lender customers.
"Employment and income verification plays a critical role in originating quality loans. It is also essential that proper documentation be validated and revealed quickly and accurately," said Equifax Senior Vice Presidents Michael Kuentz and Craig Crabtree. "Combining MeridianLink's centralized and robust mortgage platform with The Work Number database delivers maximum efficiency across the entire lending industry."
"MeridianLink is excited to have this integration as an enhancement to our current platform," said Jason Domazet, business development manager for MeridianLink. "We continue to strive to provide our clients integrations that are an efficient means to order products from a centralized platform for our end users."