Mortgage Lender Puts The Work Number® to Work

Infographic

By automating employment and income verifications, mortgage lenders - like AmeriSave Mortgage Corporation - can save time for both borrowers and staff.  As a result of automating the verification process, AmeriSave realized several benefits, including (as of March 2018):

  • 30% faster turn times for pipeline year-over-year
  • 15% improvement in mortgage origination efficiency
  • 5 days shorter close time

AmeriSave leveraged the following solutions from Equifax:

  • The Work Number, as well as the manual verification solution, to verify income and employment for 80% of approximately 25,000 loans
  • The 4506-T tax transcript solution to verify W-2 information on more than 72% of applicants

Combined, these two verification solutions from Equifax have produced significant efficiency gains for AmeriSave staff while eliminating a tedious documentation process for its borrowers.  

Interested in shorter close times?  Contact Us. 

View Now

Thank you for your interest!

 

 

Please contact us for more information regarding our services for Business and Government. For individual consumers, please visit Personal Solutions.

 

Related Links