Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Equifax improves credit transparency
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.


RSS print
News Now LiveWire
NCUA confirmed earlier indications that there would be no National Credit Union Share Insurance Fund premium for 2014.
12 hours ago
.@NJCUL supported prized-linked savings legislation introduced in New Jersey state Senate.
12 hours ago
#creditunions emphasize co-op principles during National Co-op Month #NewsNow http://t.co/zEb9UFot1N
18 hours ago
Servicemember's spouse drives away with Bank on More's SUV thanks to #missouri #creditunions http://t.co/WvTrKxh0sV
20 hours ago
From @FHFA this a.m.: U.S. house prices up 0.5% in Aug. on seasonally adjusted basis from previous month. More here: http://t.co/1yVDOPggeX
21 hours ago