Equifax Inc. has announced that SharperLending LLC is now offering employment and income verifications through Equifax's The Work Number for customers using its SharperLending Settlement Services platform. The Work Number is a proprietary database of employment and income information owned by Workforce Solutions, a business unit of Equifax Inc.
The SharperLending Settlement Services platform is an online point-of-sale service that enables lenders to order and pay for all of the products and services needed to close a loan. Leveraging The Work Number database of more than 241 million employer-direct payroll records, the SharperLending platform enables resellers and settlement services providers to deliver the most comprehensive and largest employment and income database in the nation to their lender customers.
"The shift from a refinance market to a purchase market has created a renewed emphasis on reliability and accuracy in verifying a borrower's information," said Equifax Senior Vice Presidents Michael Kuentz and Craig Crabtree. "Enhancing SharperLending with The Work Number makes verifications accessible to a larger pool of lenders and subsequently strengthens our industry as a whole."
"Through this integration, our customers have a tool that will help them increase pipeline production by rapidly delivering accurate data," said Dave Black, President and CEO at SharperLending. "The Work Number enhances SharperLending's high-speed functionality and versatility and ensures that we continue providing our unparalleled level of services."