Income Qualify
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Faster Mortgage Prequalification with Early Access to Verified Income and Employment
Today's mortgage lenders are seeking a competitive edge—one that helps them enhance the borrower experience, streamline origination and underwriting, better manage costs, and ultimately, produce faster, more accurate loan pre-qualifications and pre-approvals.
Income Qualify can help by integrating automated income and employment verification early in the lending process. Alongside their initial Equifax Mortgage Prequalification Credit Report, lenders will get verified insights from The Work Number, including name, SSN, employer name, employment tenure, and prior-year total income.
Having front-end access to this critical information can reduce the need for borrowers to provide documentation of their income and employment, while improving mortgage processing efficiency by minimizing manual errors, delays, and downstream friction.
The average cost to produce a mortgage loan is $11K.
Source: National Association of Mortgage Processors (NAMP), Mortgage Lenders’ Prospects Are Improving — But High Origination Costs Keep Pressure On (December 3, 2025)
The average closing timeline for a mortgage loan is 43 days.
Source: Chase, How long does it take to close on a house? (January 12, 2026)
Optimize Mortgage Lending Processes, Costs, and Borrower Experiences with Front-End Verifications
Obtaining early-stage verified income and employment data via The Work Number from Income Qualify helps facilitate:
- Best-in-class borrower experiences
- Faster mortgage prequalification with improved assessment of debt-to-income (DTI) ratio
- Enhanced cost-of-loan optimization due to fewer manual reviews and unrecoverable expenses
Market a Best-in-Class Borrower Experience
Less documentation required on the front end and faster preapproval eases borrower stress.
Boost Overall Mortgage Loan Processing Efficiency
Bring critical income and employment verifications from The Work Number into preapproval—alongside Equifax mortgage credit reports—to speed up downstream reviews and approvals and cut unnecessary costs.
Dealmaking Insights, Seamlessly Delivered
By leveraging data from The Work Number, Income Qualify provides important data points alongside the Equifax Mortgage Credit Report, where available.
- Name/SSN: Gain confidence in the name of the potential borrower.
- Employer Name: Capture the name of the borrower's employer, helping to reduce employer name match errors during later submission to Government-Sponsored Enterprise platforms.
- Tenure: Provides confidence in the borrower's job tenure and informs the lender on future income data needs for underwriting.
- Prior-Year Total Income: Allows for high-level debt-to-income (DTI) ratio assessment and categorical confirmation of data provided on an application.
Make Critical Lending Decisions Faster, While Managing Costs
Having access to verified borrower data early in the mortgage prequalification process helps lenders compete for and win more of the high-performing loans they want by powering stronger preapproval offers and more efficient cost management.
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