Increased consumer debt and stricter lending requirements heighten your need for detailed, precise consumer information and consistent practices at account opening. Can you be sure applicants are who they say they are? Are you making fair and balanced lending decisions?
Verification of stated income is just one example of the comprehensive data available with Equifax Decision 360™. Decision 360° delivers unique employment, income, asset/property and macroeconomic data, as well as traditional credit reporting and risk scoring, to meet your specific information needs. This more inclusive approach to risk management combines unique consumer data and analytics, with automated risk decisioning for more confident credit decisions that reduce fraud, increase customer satisfaction and enhance your bottom line.
How can I verify employment and income at account opening?
Reduce the time and expense of manual verification with instant, automated delivery of employment data, featuring direct reporting from 2,000+ employers.
How can I identify additional opportunities for growth at the point-of-sale?
Evaluate against risk profiles of your best customers, and align additional offers with income and capacity/propensity to pay.
How can I ensure that my account opening and lending decisions align with my risk strategies and industry requirements?
Automate lending and account opening strategies for alignment with business rules, policies and processes, industry best practices and regulations.
For more information about Decision 360 for Account Opening and Loan Origination, please call 1-888-202-4025.
*Thirty of the top 50 banks, as ranked by American Banker, use Equifax for real-time account opening and instant decisioning
Why use Equifax
As the needs of our customers have evolved, so have we. Expanding on our role as the trusted steward of credit data, Equifax has grown into the leading provider of technology-and analytics-fueled information solutions.