Magazine article Mortgage Banking

Equifax and Interthinx Expand Relationship

Magazine article Mortgage Banking

Equifax and Interthinx Expand Relationship

Article excerpt

St. Louis-based Equifax and Agoura Hills, California-based Interthinx have expanded their existing relationship to give financial institutions unprecedented visibility into the underwriting process, according to the companies. Now, Interthinx clients can seamlessly access The Work Number's fully automated solution for verification of employment (VOE) and verification of income (VOI) through FraudGUARD[R] to reduce lenders' exposure by delivering timely and increased transparency into a borrower's true current employment status and ability (capacity) to pay. The Work Number is a service of Equifax.

"Obtaining current, independently verified income information can be a challenge, and one that presents a certain level of uncertainty that a lender may not want to accept," said Craig Crabtree, senior vice president of mortgage services for Equifax. "Given today's volatile market conditions, having timely and increased transparency into a borrower's true current employment status and ability/capacity to pay is more important than ever, and integrating The Work Number's income and employment verifications into FraudGUARD enables lenders to effectively outsource this critical function of loan production with assurance."

"Interthinx remains committed to helping lenders mitigate risk, eradicate fraud and support compliance, and adding VOE/VOI to our solution furthers this commitment," said Mike Zwerner, senior vice president of business development for Interthinx. …

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