Point In Time

Retro employment and income verifications to ensure due diligence was performed at loan closing

Product Overview

A look back at income and employment—directly from the employer

As cited by Fannie Mae, income misrepresentation is one of the top reasons for poor loan quality. In order to defend against repurchase and to supplement the due diligence performed during the underwriting process, you need the ability to verify borrower employment history and income at the time the loan was closed.

Point In Time™, from Equifax Verification Services, helps address market demand for verified income and employment history to perform a post-close audit or to investigate loan repurchases and mortgage insurance rescissions.

Point In Time:

  • Leverages The Work Number® database of income and employment records from over 5,000 employers nationwide, including over 75% of the Fortune 500 and the majority of federal government civilian employers

  • Validates the borrower's employment status and payroll income information—back as far as 2006

  • Helps ensure the loan file matches the borrower's employer information

A Point In Time verification is the right tool when a loan file review shows missing elements, or when quality control efforts require the need to authenticate the existing documentation. As the leader in income and employment verification, our industry knowledge and automation can help provide relief to your repurchase demands.