Credit Plus has announced that it has integrated direct access to The Work Number database into its technology platform. The Work Number is a solution offered through Equifax Workforce Solutions, a business unit of Equifax Inc., and is the largest collection of payroll records contributed directly from employers.
“We are pleased to be leading the industry in offering this time-saving connection. With a simple click of the button, lenders will find it easier to verify employment and income so they can feel confident in their lending decisions,” stated Greg Holmes, national director of Sales and Marketing at Credit Plus.
Credit Plus became a certified reseller of The Work Number in 2013 and its direct connection went live in May of 2014. The Work Number database houses more than 57 million current employment records contributed from more than 3,400 employers nationwide. Only an applicant’s full name and Social Security number are required to access information through the Credit Plus direct connection to The Work Number. If an applicant is not included in The Work Number database, a manual verification can be ordered through the system as well.
“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. “Integrating Credit Plus technology with The Work Number database delivers maximum efficiency across the entire lending industry.”