SharperLending Makes Employment and Income Verifications Accessible to Settlement Service Providers With Equifax
ATLANTA, July 10, 2014 (GLOBE NEWSWIRE) -- Equifax Inc. (NYSE:EFX), a global information solutions provider, has announced that SharperLending, LLC is now offering employment and income verifications through 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."
About Equifax, Inc.
Equifax is a global leader in consumer, commercial and workforce information solutions that provide businesses of all sizes and consumers with insight and information they can trust. Equifax organizes and assimilates data on more than 600 million consumers and 81 million businesses worldwide. The company's significant investments in differentiated data, its expertise in advanced analytics to explore and develop new multi-source data solutions, and its leading-edge proprietary technology enable it to create and deliver unparalleled customized insights that enrich both the performance of businesses and the lives of consumers.
Headquartered in Atlanta, Equifax operates or has investments in 19 countries and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. In 2013, Equifax was named a Bloomberg BusinessWeek Top 50 company, was #3 in Fortune's Most Admired list in its category, and was named to InfoWeek 500 as well as the FinTech 100. For more information, please visit www.equifax.com.
About SharperLending, LLC
Headquartered in Spokane, Wash., SharperLending LLC, was founded in 1989 and was the first to offer a complete Web browser-based mortgage credit reporting system on the Internet. The company's proven technology has processed more than 500 million secure mortgage transactions. SharperLending, LLC, has three divisions under its corporate umbrella: SharperLending SettlementServices Division, the mortgage services and Appraisal Firewall platforms; SharperLending Credit Division, technology for the credit reporting industry; and SharperLending Solutions, the loan origination product packaging division. For more information, call (800)452-1174, or visit www.SharperLending.com.
CONTACT: 1550 Peachtree Street, N.W.
Atlanta, Georgia 30309
Meredith Griffanti
Media Relations
(404) 885-8913
meredith.griffanti@equifax.com
Matt Brannon
SharperLending LLC
(800) 452-1174 ext 1262
Matt.Brannon@SharperLending.com
Released July 10, 2014