ATLANTA (6/1/09)--Equifax announced it has improved credit transparency through the integration of Discover Source--which provides automated tax filing information--into its TALX unit, an automated employment and income verification provider. The solution creates a risk profile with an income and employment status of a borrower, drawn from a database of consumer files. The profile also contains federal tax return data, key mortgage-related data and predictive income. Equifax provides employment and income verification and human resources business process outsourcing services to financial institutions, including credit unions. “For the mortgage industry, this suite provides a single source for the vast majority of data needed for loan modifications and mortgage lending,” said Dann Adams, Equifax president of consumer information services. “To be successful in today’s environment, financial institutions must have an understanding of not only a borrower’s propensity to pay, based on credit information, but also their capacity to pay,” said Bill Canfield, TALX president. The solution draws from a database of more than 200 million consumer files and a subsidiary with more than 192 million employer records, Equifax said. Equifax is based in Atlanta.